Tuesday , 27 September 2016
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Transwestern’s Cummins: 700 Units Sold in Houston; Indicates Good Multifamily Deal-Flow in 2015

The Huntington apartments is one of four complexes sold by Transwestern recently.

The Huntington apartments is one of four complexes sold by Transwestern recently.

HOUSTON – Transwestern’s Houston Multifamily Investment Sales Group completed the sale of four Houston multifamily properties totaling 704 units.

Transwestern’s Ed Cummins, Tim Gregory, Guadalupe Olivares and Ryan Mendez represented the sellers.

“Demand for apartment assets remains vibrant in the Houston market,” said Cummins, managing director. “With our team contracted to market an additional 800 units, we fully expect 2015 to be another active year.”

The four projects are:

  • Cancun Apartments, a 324-unit, garden-style community located at 1855 Wirt Road, was purchased off-market for an undisclosed amount by DCM Cancun LP. Transwestern represented the seller, Elite Spring Branch Properties LLC, in the transaction.
  • Huntington at Stonefield, a 264-unit, garden-style community located at 13100 Stonefield Dr.Transwestern represented the seller, CRP TBG Huntington Green LP, in the transaction.
  • Legacy Apartments, a 70-unit, garden-style community located at 3905 and 4515 Lockwood Drive. Transwestern represented the seller, SAMC REO 2013 01 LLC, in the transaction.
  • Hidden Pines, a 46-unit, garden-style community located at 7611 Jalna St. Transwestern represented the seller, Fat Property LLC in the transaction.

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