Matthews™ Closes Sale of 98-Unit Single-Family Rental Community in Central Texas

Walker Place at Moonlight Park in Hewitt, TX Highlights Strong Demand for Purpose-Built Rentals

Hewitt, TX— Matthews™, a commercial real estate investment services and technology firm, announces the sale of Walker Place at Moonlight Park, a newly constructed single-family rental community located in Hewitt, Texas, an affluent submarket of Waco. Matthews™ agents Richard Waterhouse and Andrew Kopenec represented the seller, a Texas-based developer.

 

“The deal is a testament to our ability to navigate client expectations amidst an otherwise difficult capital markets environment,” said Waterhouse. “We overcame some volatility in the treasury markets and operational challenges during the escrow.”

 

Completed in 2023, Walker Place comprises 98 single-family homes across seven distinct floorplans ranging up to 2,036 square feet. Each residence features modern interiors with granite countertops and stainless steel appliances, attached two-car garages, and private backyards. The community offers a balanced mix of three- and four-bedroom homes.

 

Matthews™ agents Waterhouse and Kopenec generated strong buyer interest, positioning the property as a compelling opportunity within the rapidly growing build-to-rent sector, offering both scale and diversification in a high-growth market.

 

The buyer, a Boston-based national real estate private equity firm, plans to enhance the community by installing refrigerators and washer/dryer sets, upgrading flooring, and integrating SmartRent technology to provide residents with a modern and convenient living experience.

 

“We look forward to seeing Walker Place continue to thrive under new ownership, providing best-in-market rental product for the families and residents of Hewitt,” said Kopenec. “We are ecstatic to share this closing and urge owners and developers to reach out for the most up-to-date market information in build-to-rent space.”

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.