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HOUSTON-HIG Realty Partners of New York City has ended a close to four-year hold on the 378-unit Arbor Ridge Apartments, selling it to Des Moines, IA-based Threshold Capital LLC as a value-add play. HIG had owned Arbor Ridge since October, 2009.

The 1980s-built apartment complex is at 22921 Imperial Valley in what’s known as the East Champion submarket. Located near Interstate 45 and sandwiched between the Greenspoint submarket on the south and the booming Spring and The Woodlands submarkets on the north, Champion East was hit harder than other Houston submarkets during the downturn.

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