Houston-based CNC Investments won the deed to the 258-unit Brays Village at 4400 Boone Rd. Seller R/T Management of Boston was seeking $7.8 million. Houston brokers Jeff Eisenhardt and Mark Hendricks represented both parties in the sale.

Eisenhardt tells GlobeSt.com that Brays Village's owning partnership decided to move its money into other investments. He says CNC Investments plans to put several million dollars into renovating the property to help boost occupancy, which currently is below 90%. Vacancy issues definitely affected the sale, he confided, opting to keep the selling price under wraps.

The 38-year-old Memorial Springs is a 44-unit complex at 6815 Shavelson. The Frost Family I Ltd. of Houston is the buyer of the 98%-occupied holding.

Eisenhardt and Hendricks represented the seller, Houston-based Esteem Ventures LLC. Chip Nash, also of Hendricks & Partners, negotiated the deal for the buyer.

Brokers again were silent about the closing table price, but did say the seller was seeking $1.3 million at the onset of negotiations. In Memorial Springs' case, its sellers are exiting the multifamily arena and looking to buy office buildings in Denver, according to Eisenhardt. The buyers own another apartment complex near Memorial Springs.