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Alliance Residential Buys Med Center Apartments for $98 Million

The Archstone Tuscano apartments have been sold. Photo credit: Ralph Bivins

HOUSTON – (Realty News Report) – An Alliance Residential partnership has acquired the 474-unit Archstone Toscano apartments in Houston for $98 million.

The apartments, 2900 N. Braeswood Blvd., are located near the Texas Medical Center at Brompton Road, just west of Kirby Drive. The project is on the north side of Brays Bayou.

The seller was AvalonBay Communities, a REIT based in Arlington, Va.

May 2, 2019 Realty News Report Copyright 2019

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