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Beaumont Apartment Complex Sold

The Pindo Pointe apartment complex in Beaumont has been sold.

Houston – Transwestern’s Houston Multifamily Investment Services Group handled the sale of Pindo Pointe, a 164-unit multifamily property at 7390 Pindo Circle in Beaumont, east of Houston.

Transwestern Managing Director Ed Cummins and Vice President Ryan Mendez represented the seller, Parkdale Pindo L.P. Winslow Asset Management LLC purchased the apartments for an undisclosed price.

“This asset was fully renovated, stabilized and purchased for cash flow by a first-time buyer,” said Cummins. “The property fortunately did not sustain any damage from Hurricane Harvey and is positioned to perform well over the near and long term.”

Transwestern Executive Managing Directors Jan Sparks and Michael Snodgrass arranged the financing.

Sept. 27, 2017 Realty News Report Copyright 2017

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