SWBC Real Estate Sells Multi-family Complex in Kingwood

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SWBC Real Estate Sells Multi-family Complex in Kingwood

Press Releases November 11, 2021
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SWBC Real Estate Sells Multi-family Complex in Kingwood

SAN ANTONIO/DALLAS (November 11, 2021) – SWBC Real Estate, LLC, announced that it recently sold its Houston-area complex, The Royalton at Kingwood™. Ryan Epstein, Jennifer Ray, and Scott Bray of Walker & Dunlop’s Multi-family Investment Sales Team (Houston office), handled the sale for SWBC Real Estate.

“The Royalton at Kingwood delivered its first units just as the COVID-19 pandemic was hitting the United States in the spring of 2020. Although the economy came to a screeching halt, the leasing velocity at this property exceeded our original expectations and continued to do so throughout lease-up. The success of this property is partly due to it being the newest one in the area, its great location, and the competitive rental rates,” says Stuart P. Smith, Chief Operating Officer of SWBC Real Estate, LLC.

SWBC Real Estate completed construction of the 331 Class A rental units in September 2020, as part of the company’s multifamily development program. The Royalton at Kingwood was the first property completed as part of “The Royalton” brand developments that SWBC Real Estate has been building throughout Texas.

The Royalton at Kingwood is located in a large master-planned community in northeast Houston in Kingwood. The property is situated along North Park Drive, just west of Interstate 69. The property consists of one-bedroom, two-bedroom, and three-bedroom units. Tenants enjoy a first-class, traditional-style clubhouse with a resort-style pool, outdoor grills, direct access and detached garages, a private gated entrance, a dog park, and a two-story fitness center. In addition to the amenities offered, the property is adjacent to a new H-E-B Market at Northpark.

“The property’s strong lease-up and location adjacent to H-E-B attracted a lot of capital interest,” said Ryan Epstein of Walker & Dunlop’s Multi-family Investment Sales Team. “The suburban markets in Houston are showing great operational strength, and Kingwood is no exception.”

CAF Capital Partners LLC, a local Texas buyer, purchased the property for an undisclosed price.

About SWBC Real Estate

SWBC Real Estate, LLC (www.swbcrealestate.com) is owned by SWBC Enterprises, Ltd. SWBC Real Estate is managed by an experienced team of real estate professionals located in Dallas, Texas, with a primary focus in multi-family development. SWBC Enterprises, Ltd. is owned by Charlie Amato and Gary Dudley, co-founders of SWBC. SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit www.swbc.com.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multi-family industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make the company more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune’s Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.

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