​Houston – Transwestern’s Houston Multifamily Investment Services Group today announces it completed the sale of Pindo Pointe, a 164-unit multifamily property at 7390 Pindo Circle in Beaumont, Texas. Transwestern Managing Director Ed Cummins and Vice President Ryan Mendez represented the seller, Parkdale Pindo L.P. Winslow Asset Management LLC purchased the building for an undisclosed price.

“This asset was fully renovated, stabilized and purchased for cash flow by a first-time buyer,” said Cummins. “The property fortunately did not sustain any damage from Hurricane Harvey and is positioned to perform well over the near and long term.”

Transwestern Executive Managing Directors Jan Sparks and Michael Snodgrass arranged the financing.

Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Houston office, follow @TranswesternHOU.

Media Contact:
Shannon Bedinger