Southern Realty Trust Inc. committed $15 million to a $45 million senior bridge loan originated by TCG Real Estate for the refinancing of a seven-story Class-A retail property in the Galleria sector of Houston.
An affiliate lender on the TCG Real Estate platform committed the remaining $30 million. The project is a joint venture between John M. Scott III, an experienced leader and industry veteran in hospitality and leisure real estate, and WoodHouse, a luxury hospitality developer founded by Brady Wood.
Located at the intersection of two of Houston’s most desirable areas, Galleria and River Oaks, the Project is 100% fully-leased to an impressive mix of complementary, high-end lifestyle establishments: Park House Houston – a private social club offering extensive cultural programming, dining, socializing and working spaces; Ciel Restaurant – an upscale restaurant and lounge serving Japanese-French cuisine with live music and entertainment; and Fountain Life Longevity Center – a leading-edge healthcare facility co-founded by Tony Robbins that provides advanced AI diagnostics, regenerative medicine and restorative therapeutics
