HOUSTON--Transwestern's Houston multifamily investment sales group has completed the sale of four multifamily properties totaling 704 units. The properties include Cancun Apartments, Huntington at Stonefield, Legacy Apartments and Hidden Pines.

Transwestern managing director Ed Cummins, senior vice president Tim Gregory, assistant vice president Guadalupe Olivares and senior associate Ryan Mendez represented the sellers.

“Demand for apartment assets remains vibrant in the Houston market,” says Cummins. “With our team contracted to market an additional 800 units, we fully expect 2015 to be another active year.”

The following are details on each transaction:

• Cancun Apartments, a 324-unit, garden-style community located at 1855 Wirt Road, was purchased off-market for an undisclosed amount by DCM Cancun LP. Transwestern represented the seller, Elite Spring Branch Properties LLC, in the transaction.
• Huntington at Stonefield, a 264-unit, garden-style community located at 13100 Stonefield Drive, was purchased by a first-time Houston buyer for an undisclosed amount and was financed with a Fannie Mae loan. Transwestern represented the seller, CRP TBG Huntington Green LP, in the transaction.
• Legacy Apartments, a 70-unit, garden-style community located at 3905 and 4515 Lockwood Drive, was a recent foreclosure that was purchased by an in-state buyer for an undisclosed amount. Transwestern represented the seller, SAMC REO 2013 01 LLC, in the transaction.
• Hidden Pines, a 46-unit, garden-style community located at 7611 Jalna St., was purchased for an undisclosed amount by a private investment group. Transwestern represented the seller, Fat Property LLC in the transaction.