The Multifamily Group Brokers Sale of 2 Houston Assets
Two sellers sold the properties to a single buyer.
The Multifamily Group has arranged the sale of Winsome Court and Tiffany Square Apartments, two 1973-built communities totaling 188 units in Houston. Greg Miller of TMG represented the two separate sellers, and Bryce Smith procured the single buyer, a San Francisco-based private investor.
Vende Capital sold Tiffany Square Apartments after 10 years of ownership, while Winsome Court was purchased from a private owner. The assets are just one block away from one another, allowing the buyer to operate the two communities as a single asset.
Two neighboring properties
Situated on roughly 2 acres at 3030 Greenridge Drive, Tiffany Square encompasses four buildings and 83 units with one- and two-bedroom floorplans averaging 832 square feet. Community amenities feature a playground, a swimming pool and covered parking.
Located at 6111 Winsome Lane, the 105-unit Winsome Court comprises a mix of one-, two- and three-bedroom apartments ranging from 771 to 1,245 square feet. Amenities include a fitness center, a clubhouse and 225 parking spaces, among others.
Both properties are roughly 2 miles north of Interstate 69, connecting them to downtown Houston, which is some 9 miles northeast. Uptown Houston is 2 miles away, offering residents easy access to various dining and retail options, including The Galleria shopping center.
At the end of last year, TMG brokered the sale of Villa Sierra and Wyndchase Apartments, totaling 393 units in El Paso, Texas, on behalf of ExchangeRight Real Estate.