Lakes of 610 dealt to new owner

​​HOUSTON – Starwood Capital Group has sold the 276-unit Lakes of 610 at 2701 W. Bellfort Ave. to Western Wealth Capital.

Completed in 1983, the gated community consists of one- and two-bedroom apartments in 18 three-story buildings.

Amenities include a pool with spa, outdoor grilling area, and clubhouse. 

As of August, the property was 91.3 percent occupied, according to Yardi Matrix. 

Berkadia originated a $19.7 million Freddie Mac loan for the new owner.

The Real Estate Center​​​​ has more Houston multifamily news online.

​Source: Multi-Housing News