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Colliers finalizes sale of Vineyard Trace Apartments on Kuykendahl Road

Colliers has announced the sale of Vineyard Trace Apartments at 15414  Kuykendahl Road, Houston, TX. The seller, Windmill Investments, LLC was represented by Bob HeardChip Nash and Jaleel Adatia of Colliers.

 

Vineyard Trace Apartments boasts 238 garden-style apartment units spread over 8.45 acres. A strong mix of one, two and three-bedroom apartments, optimal community amenities as well as a location in Spring ISD positions this property with the perfect significant value-add potential. Two pools, a clubhouse, a sports court, a laundry facility, barbecue grills, security gate access and a playground create optimal amenities that will benefit long-term profit.

 

Vineyard Trace Apartments is located in the Willowbrook area of Harris County. This high-growth area has limited supply and above-market rent growth.

 

“Vineyard Trace is a true value add asset that is well received in the community and offered new ownership the opportunity to continue the premium upgrades that were already in progress,” said Bob Heard of Colliers Houston. “Despite volatility in the capital markets during the marketing of this property, we were able to get this deal across the finish line. It was a pleasure working with the entire Vineyard Trace ownership group and the buyer, Brookeast Capital LLC. Congratulations to all involved!”

 

The property is located in Houston's Willowbrook/Champions/Ella apartment submarket. The submarket contains 40,643 units contained in 161 projects, which is currently 92.8% occupied. The average monthly rental rate is $1,107 per unit.


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Bob Heard

Senior Vice President

Houston

Bob is a Senior Vice President within Colliers’ Houston office and a director of Multifamily Investment Properties. Bob brings 15 years of real estate experience specializing in capital markets and multifamily investment sales. Over the course his career, Bob has been involved in all aspects of income-producing properties including the management, syndication, rehabilitation, purchase and sale of multifamily developments. Prior to joining Colliers, Bob was a Vice President within JLL Houston’s Capital Markets Multi-Family Investment Group. Prior to JLL, Bob was a Senior Associate with the multi-family investment sales group at Berkadia. Bob is a Licensed Real Estate Broker with a Series 7 License.

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Chip Nash

Senior Vice President

Houston

Chip Nash joined Colliers Houston in September 2020 and is Senior Vice President and a Director of Multifamily Invest Properties.

Before joining Colliers, Nash was a Managing Director for JLL focusing exclusively on private capital investment sales of multifamily properties for eight years. Previous to JLL, Nash held similar positions at Berkadia, Hendricks and Partners, and Pinnacle International Realty Group. He has negotiated hundreds of transactions encompassing a 25+ year track record in investment sales along with a previous seven years spent in the commercial banking business for a conglomerate of banks owned by Pulte Home Corporation.

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Jaleel Adatia

Senior Associate

Houston

Jaleel is a Senior Associate at Colliers in Houston and specializes in Multifamily Investment Sales. He works with an exclusive list of clients to execute apartment sales across Greater Houston, creating portfolio expansions and value-add investment opportunities for innovative and senior buyers. 

Previously with Institutional Property Advisors (IPA), Jaleel achieved a gross sales volume of more than $500MM to date through the sale of more than 3000 units in the Houston MSA and interacted with clients and leaders in the industry to help develop property plans, overcome challenges, and exceed asset goals. 

Before entering the real estate world, Jaleel completed his master’s degree at Georgetown University in Sports Industry Management and earned a Bachelor of Arts in Business Administration from Furman University. After obtaining his education Jaleel played golf at a professional level and applies multiple skills learned out on the course into his business practices. 

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