Exclusive: PCCP, Alliance Grab 387 Units in Houston
The sale closed with the help of a $50.2 million loan.
PCCP, in partnership with Alliance Residential Co., has purchased Heights on Katy, a 387-unit multifamily property in Houston, according to Yardi Matrix. Disrupt Equity sold the four-story building after owning the asset since 2021.
Walton Street Capital originated a $50.2 million acquisition loan, the same source shows.
Located at 7105 Old Katy Road, the pet-friendly community is on a 10-acre lot and has access to interstates 10 and 610. Downtown Houston is 8 miles away, while the George Bush Intercontinental Airport is 24 miles northeast.
Completed in 2004, the property includes one and two-bedroom layouts ranging from 617 to 1,198 square feet. Apartments feature private terraces, walk-in closets, living and dining spaces and in-unit washers and dryers.
Common-area amenities encompass two swimming pools, a private conference room, a library, a business center, a fitness center and a clubhouse. The community also has outdoor features, such as a basketball court, a sand volleyball court, a dog park with pet stations, courtyards with barbecue stations and 800 car parking spots.
Houston’s sales volume went up
Houston’s multifamily transaction volume reached $3.6 billion in 2025, according to Yardi Matrix. Last year, there were 189 multifamily properties—or 51,250 units—selling for an average of $132,515 per unit. The metro saw a slightly stronger performance when compared to a year prior.
Houston’s 2025 dollar volume increased with nearly 29 percent from 2024, when investors generated $2.8 billion. Additionally, the per unit sell price rose with nearly 6.2 percent. For context, back in 2024 there were 162 properties—or 39,121 units—selling at an average of $140,841 per unit.
Notable transactions from the end of last year include Hilltop Residential’s purchase of Lincoln Heights, a 292-unit community. The buyer secured a $38.7 million acquisition loan.
