L.J. Melody's Houston office has arranged the venture on behalfof the Morgan Group. Melody is a national real estate investmentbanking firm and a CB Richard Ellis company. Funding has beenprovided by Denver-based Amstar Group Ltd., a private national realestate investment company that owns a diversified portfolio ofproperties valued in excess of $700 million.
The transaction establishes Amstar's presence in the Houstonmarket. The Estates at Memorial Heights is the most recent additionto the company's multifamily portfolio.During the past two years,Melody has arranged $13 billion in commercial real estatetransactions nationwide via offices in 33 major metropolitanmarkets and maintains a servicing and asset management portfoliototaling $15 billion.
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