Exclusive: Maxus Properties Snaps Up 324-Unit Houston Asset
The property debuted two decades ago.
Maxus Properties has acquired Vintage Park, a 324-unit community in Houston, Yardi Matrix data shows. Atlantic Pacific Cos. sold the 2006-completed asset after nearly a decade of ownership. Berkadia marketed the investment, and, according to the brochure, Vintage Park was expected to trade below replacement cost.
Vintage Park comprises one- and two-bedroom layouts averaging 1,097 square feet spread throughout 12 three-story buildings. Out of the total, only 308 units underwent partial renovations over time.
Amenities include a pool with splash pad, a fire pit, picnic areas and a playground, but also a business center, media room and fitness center. The property also includes more than 450 parking spaces.
Located at 15727 Cutten Road in northwest Houston, Vintage Park is about 2 miles from Tomball Parkway. A dog park and several retail and quick-service restaurants are within walking distance. Active employers in the submarket include Apple, Foxconn and NVIDIA.
Houston’s multifamily investment cools
Houston’s multifamily transaction volume totaled $801 million in the third quarter, marking a sharp decline compared to last year’s $1.7 billion figure, according to a Colliers report. Cap rates reached 6.0 percent, representing a 20-basis-point increase year-over-year and the highest index since 2017. However, the market kept its pricing edge even amid tighter lending conditions and increasing cap rates, with the average price per unit up 3 percent over the year.
One notable deal that closed last quarter was ORIX Capital Markets’ purchase of The Vic at Jordan Ranch. Huntington Properties sold the 365-unit asset.
Maxus activity picks up across the Southwest
Maxus is a REIT that focuses mostly on the Midwest and Southeast regions, having had a majority interest in 12 properties comprising 2,559 units at the end of 2025, according to its website. However, the company is also active across the Southwest.
In July, Maxus closed two deals in the Lone Star State. Namely, the REIT acquired the majority stake in Presidium Pecan District, a 272-unit property in Austin, and took on the role of property manager for Depot on Main, a 275-unit community owned by Realty Capital in the Dallas-Fort Worth suburb of Burleson.
