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Category Archives: Multi-Family

Class C Multifamily Project Acquired by Three Pillars Capital Group

HOUSTON – (Realty News Report)– Three Pillars Capital Group, a Houston-based multifamily real estate investment firm, acquired Camino Del Sol Apartments in Pasadena, on the southeast side of Houston.  The 122-unit Class C community is located at 1120 Red Bluff Road, with close proximity to Highway 225.  “Having worked on similar projects in this area, we understand the importance of adding ... Read More »

Austin Firm Breaks Ground on Multifamily Project in Clear Lake

HOUSTON – (Realty News Report) – Austin-based Oden Hughes LLC has broken ground on a 380-unit apartment complex at the corner of Bay Area Blvd. and Middlebrook Drive in Clear Lake City on the southeast side of Houston. MXCAP, a Monterey, Mexico-based group led by Jorge Alberto Sanchez Salinas, is a significant investor in the project. A lack of sufficient ... Read More »

Medistar Developing Multifamily Near Texas Medical Center

HOUSTON – (Realty News Report) – Medistar Corp., a Houston development firm led by Monzer Hourani, is developing a 326-unit apartment project called Medistar Grand. The project is located on six acres near the intersection of Grand Blvd. and Corder Street, just southeast of the Texas Medical Center. Pearlmark, a Chicago investment firm, provided $8.4 million in mezzanine financing. Construction ... Read More »

Allied Orion Buys 312 Units in the Energy Corridor

HOUSTON – (Realty News Report) – Allied Orion Group has acquired the 312-unit Alexan Ashford, now known as the Ashford Apartments from Trammell Crow Residential. The complex, built in 2017, is located in the Energy Corridor at 1200 N Dairy Ashford near Interstate 10. The project, which did not flood in Hurricane Harvey, is the firm’s first acquisition in 19 ... Read More »

Tampa Firm Buys Seventh Multifamily Project in Houston

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 ... Read More »

Blazer Breaks Ground on Apartment Project in Katy

KATY, Texas – (Realty News Report) — Blazer has started construction of Seville at Clay Crossing, a new high-end apartment community. The 351-unit property is located on the southeast corner of the intersection of Grand Parkway (SH 99) and Clay Road in Katy. Seville at Clay Crossing will offer multiple one, two and three-bedroom floor plans ranging from 684 SF ... Read More »

Goldman Sachs Group Buys Pearland Multifamily Project

HOUSTON – (Realty News Report)– Goldman Sachs Asset Management Private Real Estate has acquired the Retreat at Shadow Creek Ranch, a 370-unit multifamily asset in Pearland. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office arranged the sale on behalf of Inland Private Capital Corporation, a real estate investment firm based in Oak Brook, Ill. Built in ... Read More »

Koontz Breaks Ground on Multifamily Project Near USAA HQ

SAN ANTONIO — (Realty News Report) – Koontz Corporation, a San Antonio-based firm led by Bart Koontz, has broken ground on a Palmetto Pointe, a 328-unit apartment community located in the city’s northwest submarket. The project is located between USAA and the South Texas Medical Center – the two largest private employers in San Antonio. “We are fortunate to have ... Read More »

The State of Houston’s Apartment Market: Q&A with Bruce McClenny

HOUSTON – (Realty News Report) – Houston’s multifamily market has been on a roller coaster ride these past 18 months. The market was relatively soft until Hurricane Harvey hit, then much of the multifamily sector vacancy disappeared. Now, as those Harvey renters move back into their homes, Houston’s occupancy scenario is changing again. Yet developers are still building new multifamily ... Read More »

900 Units Sold in South Austin, Newmark Knight Frank Reports

AUSTIN – (Realty News Report) – Newmark Knight Frank completed the sale of three multifamily communities (905 units) in South Austin. NKF vice chairman Patton Jones of the firm’s Multifamily Capital Markets group negotiated the trades. “The south Austin submarket is considered one of the strongest suburban submarkets due to multiple transportation arteries including IH-35, South Congress, South Lamar, and ... Read More »

Hilltop Acquires Houston Project Near Memorial City

  HOUSTON – (Realty News Report) – Houston-based Hilltop Residential bought the Villas at Bunker Hill, a 398-unit mid-rise apartment community in Houston’s Memorial City area. The HFF team marketed the property exclusively on behalf of the seller, SouthStar Communities.  Hilltop Residential, a firm founded by Greg Finch, formerly of Venterra Realty, purchased the asset free and clear of existing ... Read More »

Howard Hughes Building Another Houston Apartment Project

THE WOODLANDS – (Realty News Report) – Howard Hughes Corp. is starting construction on another multifamily project – the second apartment project the developer has announced in the last two months. Howard Hughes Corp. will build an 8-story, 386-unit apartment building in the Hughes Landing section of The Woodlands, a 28,000-acre community 27 miles north of Houston. Last month Howard ... Read More »

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