Knightvest Buys 316-Unit Community in Houston
The investment marks the 17th acquisition through the firm’s second value-add fund.
Knightvest Capital has acquired Gables Post Oak, a 316-unit community in Houston. Gables Residential, together with co-owner Northwestern Mutual Real Estate, sold the property, according to Yardi Matrix information. A purchase price was not disclosed.
Following the trade, Knightvest rebranded the community as Hollings Post Oak. The acquisition represents the firm’s 17th deal from its second investment vehicle, which targets multifamily assets that hold repositioning value. Knightvest made its first acquisition with the fund in July 2024.
KTGY | GDA Architects designed Hollings Post Oak, which opened in 2013. As part of the value-add strategy, Knightvest will be renovating the 8-story building with improvements to shared amenities including the fitness center and resident lounges, as well as the leasing office. Most residences will undergo interior upgrades as well.
READ ALSO: Multifamily Cap Rates Stabilize as Investor Sentiment Strengthens
The 2-acre property’s other amenities include in-unit laundry, a spa, a swimming pool and a clubhouse. There is also a multi-level parking structure and a dog park. Yardi Matrix shows the building has one- and two-bedroom units with an average monthly rent of $1,729. The property was 97 percent occupied in January 2026, the same source shows.
Located at 1875 Post Oak Park Drive, Hollings Post Oak is in the Piney Point Village submarket. The community is near the interchanges of interstates 610 and 69. The Galleria shopping mall is a mile away from the property, while downtown Houston is about seven miles away.
Knightvest is an active investor in the Houston market. In December 2025, the company sold Lakeside, a 296-unit community. The company purchased the asset in 2016 through a four-property portfolio transaction.
Construction cools in Houston
Houston remains one of the top multifamily markets for deliveries in the U.S., with 27,833 units coming online in 2024. Construction is still active, but at a slower pace. According to a Yardi Matrix report from December 2025, Houston saw 11,713 unit deliveries and had another 23,166 apartments underway. In that same period, occupancy stood at 92.6 percent. As construction softens, value-add assets are a strategic investment as competition in the market slows.
Earlier this week, Wood Partners broke ground on a separate Houston-area project in Tomball, Texas. The developer is building Alta Timberline, a 204-unit development that will be completed in May 2027. Trammell Crow Co. is also teaming up with Haseko North America on a 366-unit community in the Jersey Village submarket. Construction will begin in the next few months, with completion also expected for 2027.
