Greystone provides $20.9 million affordable housing loan for Texas rental community 

Greystone, a leading national commercial real estate finance company, has provided a $20.9 million Fannie Mae Multifamily Affordable Housing (MAH) loan for the acquisition of Parkside Place, a 321-unit, income and rent-restricted garden apartment complex located in Pasadena, Texas. The financing was originated by Michael Zampetti, senior managing director in Greystone’s New York office. 

Parkside Place consists of 27 two-story apartment buildings situated on an 11.24-acre site. Constructed in 1969, the property was renovated in 2018 and includes amenities such as a leasing office, two pools, on-site management, a laundry facility, a business center and private patios. There are 526 total parking spaces, including reserved handicap spaces and carports. 

Partners Real Estate brokers sale of multi-tenant industrial property in Pasadena

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged the sale of a ±60,680-square-foot multi-tenant industrial property on ±10.64 acres located at 3321-3411 Westside Drive in Pasadena, Texas.

Partners’ Clay Pritchett and Zane Carman represented the buyer, Grace Heritage Properties, LLC. The Seller was represented by General Property Services 1, Ltd.