The Everly The Everly is located at 2827 Dunvale Rd. and was completed last year.

HOUSTON—The city’s multifamily market keeps bringing out-of-state investors and capital to the city, this time with New York-based Praedium Group’s purchase of the infill community of The Everly, a 387-unit class-A apartment complex situated between the Energy Corridor and Galleria. The privately held firm purchased the asset from San Antonio-based Embrey Partners, Ltd., which was represented by senior managing director Ryan Epstein, director Jennifer Ray and associate director Scott Bray of Berkadia’s Houston office.

“Houston’s class-A infill communities have become increasingly uncommon yet highly desired assets that offer long-term stability and value appreciation for several reasons,” said Epstein. “In addition to a suite of modern amenities, the presence of a newly built asset in a core location between Uptown/Galleria and the Westchase District provides compelling opportunities to leverage surrounding employers and amenities, securing its viability and demand especially when taking into account the lack of new supply within three miles.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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