Texas Apartment Portfolio Trades for $100M
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HOUSTON-Investcorp has paid $100 million to acquire five apartment communities totaling 1,900 units in Texas. The properties include Bristol Square, a 336-unit apartment building in Austin; Waters Park, a 168-unit multifamily complex in Dallas; Villages of Meyerland, a 714-unit apartment community in Houston; Cottages of Champions Forest, a 300-unit multifamily complex in Houston; and Villas at Edgewater, a 414-unit apartment community in Houston.
The properties, which have a 91% occupancy rate in total, are managed by The Carroll Organization and Mosaic Residential. For the full story, go to Houston Business Journal .
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