HOUSTON – PPA Group, an Austin-based multifamily investment firm, has acquired its first apartment project in Houston and it is seeking more opportunities in the Bayou City.
The 252-unit Cypress Ridge project, 2331 Bammelwood in north Houston, from CrestMarc of Dallas.
“We like the diversity of the economy in Houston and think it is a great time to invest there,” says PPA Group’s John Latham. “It’s an under-appreciated market. Lots of national investors are shying away from Houston because of the downturn in the oil industry which creates a great opportunity for us.”
Oct. 21, 2016 Realty News Report Copyright 2016