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Transwestern’s Cummins: 700 Units Sold in Houston; Indicates Good Multifamily Deal-Flow in 2015

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 ... Read More »

San Antonio Multifamily Project Sold

SAN ANTONIO — CBRE Capital Markets’ multifamily team announces the sale of Broadstone Colonnade on behalf of Kansas City, Missouri-based Price Development Group. An anonymous buyer purchased the 282-unit, Class A multifamily project in northwest San Antonio.. Broadstone Colonnade, at 4330 Spectrum One in San Antonio, is made up of 282 one-, two- and three-bedroom units featuring eight floor plans. ... Read More »

Peaked Out? Is Houston Multifamily Surge at Its Crest?

HOUSTON – With apartment construction at its highest level in 14 years, investment sales prices for Texas multifamily complexes have plateaued, according to a Houston real estate valuation firm. “Apartment construction has been incredible in Texas metropolitan areas in recent years,” says Matthew Deal, principal of the Deal Sikes & Associates valuation and consulting firm. “With this massive new supply ... Read More »

Woodway Square, a 595-Unit Project, is Sold

HOUSTON – Fairfield Woodway Square, LLC purchased Woodway Square, a 595-unit, Class A, garden-style multi-housing community in Houston. HFF marketed the property on behalf of the seller, Alecta Houston, LLC. In addition, HFF assisted in securing a 10-year floating-rate loan on behalf of the buyer through M&T Realty Capital Corporation (FNMA). Woodway Square is located at 1200 Winrock Boulevard near ... Read More »

Rents Up 16 % in Houston, But More Hikes to Come – Everywhere

The Trulia organization reported that Houston led the nation last year with a 16.2 average gain in apartment rents. But Houston’s not alone. There are rent hikes more to come in 2013, for most markets in the nation, according to new projection released by The MORE Group. The MORE Group is projecting overall nationwide apartment rental rate increases of 3 to ... Read More »

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