November 24, 2014

Retreat at Vintage Park Apartments Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of Retreat at Vintage Park. MAA Vintage Park, LLC, an affiliate of MAA Communities closed on the 98 percent leased property on November 24, 2014. Atlantic Creek partnered with McCann Real Estate Partners to develop the new 323 unit class “A” multi-family project that was completed in July 2014.

The property is located within a 630-acre master planned community, The Vintage, located in Northwest Houston, TX. In recent years, Houston has been one of the fastest growing Metro areas in the country in terms of population and job growth. The Property is located less than a half mile east from Highway 249, which is the area’s primary north-west transportation corridor. The Property is located within a 5-minute commute to all of the major employers in The Vintage / Champion market: it is within a 20-minute commute to the Energy Corridor (78,000 employees); and a 30-minute commute to downtown Houston (140,000 employees).

Atlantic Creek, with offices in New York, NY, Palm Beach, FL, and Los Angeles, CA, 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.