The property, which was completed in October 2018, was sold by The Hanover Company of Houston for an undisclosed price. The firm’s regional office is located at 2 Seaport Lane in Boston.
Developers are poised to bring about 16,900 deliveries throughout the year, mostly in the Katy and Spring/Tomball markets, thanks to proximity to important transit routes such as Interstate 10 and Grand Parkway.
Newport Real Estate Partners, focused on the acquisition and repositioning of value-add multifamily properties, acquired 460-unit The Fountains at the Bayou, which will be renamed Valencia Grove Apartments.
Sponsored by ADP
CRE professionals are relying more on data and analytics to drive decision making. Discover how alternative data sets provide a competitive edge on everything from choosing the best location for your next development opportunity to optimizing existing real estate footprints.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
- Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.