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200-Unit Luxury Apartment Complex Changes Hands
A multifamily apartment complex in the Greater Houston area has recently changed hands. Marcus & Millichap Real Estate Investment Services announced on December 23 it has arranged the sale of The Palms at Cinco Ranch in Richmond, Texas, 15 miles southwest of Houston. The terms of the sale were not disclosed.
Berkshire to Acquire Two Apartment Assets for $120M
Berkshire Income Realty to acquire 588 units; Hudson Capital Investments buys a community outside Houston; and Beech Street Capital provides $7.4 million for a Florida acquisition.
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