(Read more on the debt and equity markets andthe multifamilymarket .)
HOUSTON-A Birmingham, AL-based investment group has bought thebrand-new 324-unit Vintage Park Apartments from local developerSueba USA Corp. The buyer obtained a $41-million, interest-onlyinterim loan to help fund the acquisition of the complex in the farnorthwest submarket.
According to Capmark Finance Inc. vice president StewartCampbell, Vintage Park Apartments marks Investment Realty HoldingsLLC's third multifamily acquisition in the area. He explains thatthe 50%-occupied complex at 15727 Cutten Rd. was just completed andis going through its initial lease-up.
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