(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."

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