HOUSTON-Transwestern's Houston headquarters says its brokers have completed the sale of three multifamily properties totaling 1,476 units within a period of 14 days.
“We continue to see strong interest in the Houston multifamily market from local, national and international investors as Houston becomes widely recognized as a gateway city poised for continued growth,” says Transwestern's Ed Cummins, senior vice president of multifamily services in a press release.
The Mills, a 708-unit community located at 10225 Bissonnet, was purchased for an undisclosed amount by a local investor. Transwestern represented the seller, C-III Realty Services, in the transaction.
Portofino Landing, a 464-unit community located at 910 Cypress Station Drive, was purchased for an undisclosed amount by a private syndicator. Transwestern represented the seller, Blue Valley Apartments Inc., in the transaction.
Deer Creek, a 304-unit community located at 16303 Imperial Valley, was purchased for an undisclosed amount by Eureka Holdings Acquisitions L.P. Transwestern represented the seller, Tritex Real Estate Advisors II Inc., in the transaction.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
