(To read more on the multifamily market, click here.)

HOUSTON-Creekstone Partners LLC, partnering with US AdvisorsLLC, rushes to close the $48-million acquisition of the 312-unitSan Brisas in an off-market transaction with locally based SuebaUSA Corp.. The two-year Energy Corridor holding was 93% leased atsale time.

"Creekstone Partners hasn't focused on the Houston market, butthe San Brisas property was attractive to us because of thesuperior construction by Sueba and because of its location in theEnergy Corridor," Michael Preston, president of CreekstonePartners, says about the 2020 Eldridge Pkwy. pick-up. "Thissubmarket is a high-growth area of Houston that targets apopulation perfectly suited to the types of properties in ourportfolio."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.