(Read more on the multifamily market.)
HOUSTON-A New York City-based investment group has pushed intothe metro with an off-market transaction for the 387-unit ChevalApartments. The buyer has secured a $26.5-million loan to close thedeal.
Abacus Capital Group LLC has bought the two-year-old, class Acomplex at 7105 Old Katy Rd. from A.G. Spanos Corp. of Austin. Thecomplex is assessed at $41.8 million by Harris Central AppraisalDistrict.
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