Houston
Houston Multifamily Report – Summer 2019
A record $5.1 billion in multifamily assets traded last year across the metro.
American Landmark Expands Houston Presence
The new owner will rebrand the 360-unit community and implement a capital improvement program.
Greystone Secures $27M for Houston Acquisition
The new owner has revealed plans to refurbish the 542-unit Villa Nueva.
JV Buys 128-Unit Houston Community for $11M
JLL secured financing for the acquisition of Candleridge Park Apartments, located 20 miles from downtown Houston.
Starwood Buys 21 Affordable Housing Communities
The 4,448-unit portfolio is spread across Dallas-Fort Worth, Houston and Florida and is 96 percent occupied.
Passco Finds a Jewel in Houston Suburbs
The investor acquired the newly renamed Sapphire Bay Apartments in Baytown, Texas.
Watermark Residential Scores $179M Refi
The Freddie Mac conventional loans will refinance a portfolio of four multifamily communities in Arkansas, Colorado and Texas.
Boston Capital Expands Houston Footprint
The sale marks the first time the 396-unit Aventura on Briar Forest changed hands since 2007. Canadian Imperial Bank of Commerce originated $39.5 million in acquisition financing.
GAIA-Led JV Sells 300-Unit Houston Asset
The company initially purchased Cashel Springs in 2015 as part of a 1,376-unit portfolio, for $88.4 million.
Bascom Sells 252-Unit Houston Asset
Newmark Knight Frank originated a $23.8 million, 10-year Freddie Mac loan on behalf of the buyer to finance the acquisition of Sierra at Fall Creek.