Saturday , 22 September 2018
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Hines Buying Museum District Apartments for $72.9 Million

HOUSTON – (Realty News Report) – Hines Global Income Trust has agreed to buy the 224-unit Venue Museum District apartments for $72.9 million or $325,400 per unit.

The seller of the property, 5353 Fannin, is Grayco Lui Museum District Investment. The seven-story community is 89 percent leased.

The deal, funded with $1.5 million in hard earnest money, is expected to close in September, Hines reported. The purchase includes an adjacent land parcel.

Aug. 30, 2018 Realty News Report Copyright 2018

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