Texas Apartment Portfolio Trades for $100M
Stay informed of the latest news from across the state with GlobeSt.com's Texas AM Alert. Sign Up Today!
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 .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Mark your calendar for October 15-16 and be part of the action at RealShare APARTMENTS the premier multifamily event of the year.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.