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Hayden Properties Purchases Stoneleigh on Spring Cypress

Seneca Investments Sells 216-Unit Garden-Style Complex in NW Houston
January 4, 2018
Hayden Properties, an Oregon-based company that owns and manages luxury apartment communities in the Dallas, San Antonio, Tyler and Houston areas, has acquired the Stoneleigh on Spring Cypress apartment community in Spring, TX from Seneca Investments for an undisclosed price.

The garden-style apartment community delivered in 2005 at 7215 Spring Cypress Rd. It contains 216 one- to three-bedroom units, averaging 881 square feet, in 11 three-story buildings.

Currently 94.4% leased, the community offers residents on-site access to a pool, grilling areas, picnic area, volleyball court, dog park, fitness center, clubhouse, community kitchen, business center and conference room.

Director Joey Rippel, along with senior managing director Todd Marix, managing director Chris Curry, director Chris Young and analyst Connor Phillips of HFF represented Seneca Investments in the transaction.

HFF’s debt placement team including senior director Tyler Ford secured a fixed rate acquisition loan through Freddie Mac’s CME Program on behalf of the borrower.

Please see CoStar COMPS #4097182 for more information on this transaction.
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