HOUSTON-A national real estate firm has bought a multifamilyproperty in Houston. Philadelphia-based Resource Real EstateOpportunity Inc. has purchased the Bristol apartment complex at1221 Redford St. for $11.4 million.
The property, which measures 703,862 square feet, contains 856apartment units. The apartment complex traded for $13,318 per unit.It was 52% occupied at the time of closing. Tritex Real EstateAdvisors Inc. was the seller of Bristol apartment complex. Forthe full story, go to Philadelphia Business Journal .
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