---
title: "Hudson Bay Capital Provides $129M to Develop Luxury Apartments in Houston"
url: https://burnaze.com/article/d3317778-be37-46f5-9467-bb1e5208ac0c
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/05/hudson-bay-capital-luxury-apartments-houston/
author: "Brian Pascus"
category: "Real Estate"
published: 2026-05-19T17:10:11.000Z
modified: 2026-10-31T13:18:02.905Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/05/Sean-Reimer-Aaron-Appel-Keith-Kurland-Houston-TX-credit-Getty-Images.jpg?quality=80&resize=1200%2C630&strip=
---

# Hudson Bay Capital Provides $129M to Develop Luxury Apartments in Houston

**TL;DR:** Sade Real Estate has secured $128.5 million from Hudson Bay Capital to finance the development of The Arno, a 168-unit luxury residential community in Houston's River Oaks neighborhood. The financing was arranged by a Walker & Dunlop Capital Markets team.

*By Brian Pascus, originally published in Commercial Observer on 2026-05-19. [Read the original](https://commercialobserver.com/2026/05/hudson-bay-capital-luxury-apartments-houston/).*

## Key facts

- Hudson Bay Capital provided $128.5M in financing
- The Arno will have 168 luxury units
- River Oaks is a supply-constrained market

## Story

One of the most exclusive neighborhoods in Houston is getting some new luxury apartments.

**Sade Real Estate** has secured $128.5 million to finance the development of the **Arno**, a 168-unit luxury residential community in Houston’s River Oaks neighborhood, a wealthy enclave just outside downtown, according to a release.

**Hudson Bay Capital** provided the acquisition and development debt, while a **Walker & Dunlop Capital Markets** team of **Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly** and **Sean Bastian** arranged the transaction.

## Development financing

**Yoni Sade**, chairman and CEO at Sade Real Estate, spoke to the ongoing population growth of Houston in a statement, which has made the investment fundamentals of River Oaks attractive due to the neighborhood’s “highly selective development activity.”

“Walker & Dunlop and Hudson Bay Capital understood both the vision and unique positioning of the asset, helping us secure a financing structure that supports the development,” said Sade.

**Zachary Cion**, managing director at Hudson Bay Capital, called the deal “a highly attractive financing opportunity” in a statement.

## Luxury residential market

Located at **2929 Weslayan Street** in Houston’s River Oaks neighborhood — a mass-planned community anchored by the **River Oaks Shopping Center** that combines residential living with luxury retail and dining — the Arno is expected to begin development this year.

**Sean Reimer**, senior managing director of capital markets at Walker & Dunlop, said that the River Oaks area’s luxury residential market is “one of the most supply-constrained” in the nation due to the lack of available land and ongoing demand for high-end residences.

“The property’s scale, luxury positioning, and highly curated amenity package align with the evolving preferences of affluent buyers … within one of Houston’s most established neighborhoods,” said Reimer.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- real estate investment (topic)
- Brian Pascus (person)
- River Oaks (location)
- Hudson Bay Capital (investor)
- Zachary Cion (person)
- Sean Reimer (person)
- Sade Real Estate (company)
- Walker & Dunlop Capital Markets (company)
- Yoni Sade (person)
- The Arno (location)

---
Originally reported by Brian Pascus, Commercial Observer (https://commercialobserver.com/2026/05/hudson-bay-capital-luxury-apartments-houston/). Summarized by Burnaze (https://burnaze.com/article/d3317778-be37-46f5-9467-bb1e5208ac0c).