Thursday , 17 October 2019
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Tampa Firm Buys Seventh Multifamily Project in Houston

American Landmark bought the Haven at Lakes of 610, near the Astrodome, the historic stadium known as “The Eighth Wonder of the World.”

HOUSTON – (Realty News Report) – American Landmark, a fast-growing multifamily firms in the nation acquired an apartment complex near the Astrodome – the seventh Houston project for the firm.

The firm purchased the 282-unit  Haven at Lakes of 610.  The seller was a joint venture of  Guefen Development and The Rainier Cos.

American Landmark will rename the project “Aspire at 610” and will spend $1.45 million for improvements. The project, about two miles from the Texas Medical Center, which has more than 100,000 employees, was completed in 2018. 

“Houston led the nation in job growth in 2018, and is poised to do the same this year, so we are very confident in the long-term demand for workforce housing in the region, which has seen its economy diversify significantly,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “With its exceptional location and amenities, Aspire at 610 fits our investment strategy perfectly.”

American Landmark’s improvements will add faux-wood plank flooring, USB plugs, and smart locks in all units. Amenity improvements will include the addition of a dog-washing station, fire pits, package locker system, clubhouse and landscaping enhancements.

Aspire at 610 is a four-story community located at 8900 Lakes at 610 Drive. One- and two-bedroom units feature washer/dryer machines, granite countertops, black appliances, plank flooring in first-floor units, and kitchen islands. Amenities include a clubhouse, large pool with sundeck, and business center.

The Aspire at 610 complex is located just south of Loop 610. 

March 5, 2019 Realty News Report Copyright 2019

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