July 24, 2018

Hollow Tree Park Apartments Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of Hollow Tree Park Apartments (the “Property”), formerly known as Hollow Tree Parc, in Houston, Harris County, TX. The Property closed on July 24, 2018 and is comprised of a 280-unit, class B+, garden-style, multi-family apartment community consisting of 14, two and three-story buildings. The investment plan is to redevelop, renovate, and reposition the Property to take advantage of its location within the growing Houston MSA and its proximity to established and newly emerging employment centers.

The Property is located in North Houston, within the Houston MSA, approximately 18 miles north of the Houston Central Business District. Additionally, the Property is in close proximity to retail amenities and major employment centers including The George Bush Intercontinental Airport (eight miles east of the Property) and Springwoods Village (six miles north of the Property), a 2,000-acre, master-planned community that will reportedly feature over nine million square feet of commercial space. Springwoods Village currently includes many world-class corporate campuses, such as ExxonMobil and Southwestern Energy, and will soon include the American Bureau of Shipping and Hewlett Packard; who are currently building new corporate campuses in the community.

Atlantic Creek, with offices in New York, NY and Palm Beach, FL, targets direct and joint venture investments in opportunistic and value add office, retail, and multi-family commercial real estate primarily located on the East and West Coasts of the U.S., Texas and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Joshua Schwalbe, Senior Vice President, in our New York, NY office at (212) 381-7617 or Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.