HOUSTON–MIG Real Estate, a Newport Beach, Calif.-based real estate investment company, has completed the acquisition of Alta Heights, a 256-unit apartment community in Houston.

“The acquisition of Alta Heights represents MIG Real Estate's continued focus on expanding its portfolio in Houston and other markets expected to outperform in terms of job and population growth,” Marc Venegas, director of multifamily investments at MIG Real Estate, told GlobeSt.com. “The property's amenities and luxury finishes, coupled with its central location amidst the bustling retail and nightlife of the Washington Corridor, provide an appealing living environment for Houston's discerning residents.”

Alta Heights is at 145 Heights Blvd., three miles from downtown Houston and located between the city's historical Heights District and the Washington Corridor. Additional nearby recreation and retail amenities include jogging and bike trails at Buffalo Bayou Park, sports facilities at Memorial Park and The Galleria.

Alta Heights consists of a four-story building with studio, one- and two-bedroom floor plans and a five-story parking structure. Units feature high ceilings, granite countertops, stainless-steel appliances, washers and dryers, walk-in closets, and private patios or balconies. Select units include a technology package featuring Bluetooth-capable, built-in surround sound, computer desks and bookshelves.

Common area amenities at Alta Heights include a resort-style swimming pool with walk-in beach entry, a courtyard with gas grills, a dog park, and a two-story resident clubhouse with a business center and a fitness center.

Alta Heights is MIG Real Estate's seventh investment in Texas multifamily properties. It is the company's third investment in Houston, following the 2012 acquisition of Wynhaven at Willowbrook and the 2013 acquisition of Pine Creek Ranch. Prior to MIG Real Estate's purchase of Alta Heights, the firm's most recent multifamily acquisition was Elan City Centre, a 330-unit apartment home community in Dallas.

Ryan Epstein of CBRE represented the seller in the transaction. Wood Residential Services will manage the property for MIG Real Estate.