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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
kyle whitney
Senior Director (713) 724-1456 kyle.whitney@berkadia.com
TX CRE #658451
jed dalton
Associate Director (832) 314-5078 jed.dalton@berkadia.com
TX CRE #787068
joey rippel
Managing Director (601) 919-5155 joey.rippel@berkadia.com
TX CRE #654288
chris young
Managing Director (972) 743-5742 chris.young@berkadia.com
TX CRE #630674
jeffrey skipworth
Managing Director (214) 533-3322 jeffrey.skipworth@berkadia.com
TX CRE #560404
chris curry
Senior Managing Director (713) 553-0151 chris.curry@berkadia.com
TX CRE #566750
houston, tx office
2229 San Felipe, Ste 1600
Houston, TX 77019 (713) 974-1300 | Berkadia.com
The Location
tucker fama
Senior Financial Analyst (281) 923-3856 tucker.fama@berkadia.com
TX CRE #9002106
ESTEE IBÁÑEZ
AVP, Financial Analysis (713) 469-4512 estee.ibanez@berkadia.com
TX CRE #687201
JOHNNY KING
Director
Mortgage Banking (713) 469-4502 johnny.king@berkadia.com
CUTT ABLESON
Senior Managing Director
Mortgage Banking (713) 469-4503 cutt.ableson@berkadia.com
CARL RASMUSSEN
Associate Director
Mortgage Banking (713) 469-4514 carl.rasmussen@berkadia.com
Price
Terms
Year Built
Total Acreage
Total Units
Total SF
Avg Unit SF
Avg Rent/Unit
Avg Rent/SF
Leased | Occupied
Market
All Cash*
1983
8.975
280
205,976
736
$1,221
$1.67
95% | 93%
The Opportunity
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Investment Summary
Investment Highlights
Community
The Property
apartment units
Community Amenities
Investment Sales and Mortgage Banking
VISIT DOC CENTER
CHRIS POLLARD
Managing Director
Mortgage Banking
(214) 360-3839 chris.pollard@berkadia.com
JASON RICE
Senior Managing Director
Mortgage Banking
(214) 360-3811
jason.rice@berkadia.com
19606 Park Row Blvd | Houston, TX 77084
Unit Amenities
*There is an existing 4.51% fixed rate, Fannie Mae loan in place that matures in 2028. More information on this loan is available in the OM.
Tennis court
Dog park
Surface parking
Carports and reserved parking available
Perimeter fencing and controlled access
Upgraded clubhouse and leasing office
Catering kitchen, internet café, and free WiFi
24-hour fitness center
Resort-style pool
Outdoor lounge with kitchen
Community grilling stations
Custom tile backsplashes in select units
Brushed nickel hardware in select units
Ceiling fans in living areas and bedrooms
Full-size or stackable washer/dryer connections
Private patios or balconies
Updated unit interiors in select units
8-foot and vaulted ceilings
Formica, granite, or quartz countertops
Black or stainless steel appliances
Vinyl wood-style flooring throughout in select units
Flat white cabinets or upgraded fronts
Strong Historical Performance: The property has averaged 94% occupancy and increased rents 48% over the ownership’s tenure, which began in 2015.
Heavy Lifted Completed: Current ownership has invested $6M+ in capital improvements, more than half addressing exteriors, deferred maintenance, and community spaces.
Best-in-Class Amenities: Added and improved amenities differentiate the community from peers of its vintage and position it well to compete with newer construction.
Interior Value-Add Potential: Multiple levels of interior finishes offer the opportunity to bring all units to a consistent, modern standard. 65% of the units have formica countertops.
Proof on Rent Roll: Renovated units with granite countertops are averaging $174 higher in-place rents.
Boost Revenue: Add an amenity fee, increase carport fee (100% leased), add washers and dryers to 91% of units, and add private yards to select units.
Bridge Rent Gaps: $250 average higher rents at stabilized, newer built properties within one mile.
Supportive Third Parties: 3.4% average rent growth from 2026 to 2027 by CoStar and RealPage.
#1 School District: Zoned to Katy ISD ranked #1 in the Houston metro and #7 in Texas by Niche.
Health Care Employment: 5.2K+ health care jobs within 5 miles at 5 major hospitals.
TMC West Campus: Only 1.5 miles from the 170-acre, $1B development. Houston Methodist West has a $247MM expansion underway (+300 jobs).
Grocery Anchored Retail: Less than five minutes from HEB, Walmart, Sam’s Club, Target and Randalls.
Park Proximity: Six-minute drive to Cullen Park (9K acres).
Terra at Park Row is a garden-style multifamily community with surface parking and best-in-class amenities in fast-growing West Houston. It offers attractive value-add returns to investors. Current ownership has been in place since 2015, addressed major capex items, repositioned the community, added amenities, and created proof on the rent roll for post-renovated higher rents. Its excellent performance is complimented by its strong location in Katy ISD, Houston’s #1 school district, near grocery-anchored retailers, parks, and the Texas Medical Center West Campus, where Houston Methodist has started a $247MM expansion that will add 300 new jobs to the area.