Galium Continues Houston Buying Spree

HOUSTON- (Realty News Report) – Coventry Real Estate Advisors and The Dinerstein Companies have sold Millennium High Street, a mixed-use apartment and retail project in the River Oaks District of Houston.

The six-acre development, located at 4410 Westheimer, just east of Loop 610, was acquired by Galium Capital.

Galium Capital, based in Miami, owns several multifamily properties in the Galleria/Uptown area, including the 431-unit Tate at Tanglewood, the 361-unit Fairmont on San Felipe and the recently acquired 340-unit Millennium High Street apartments.

Millennium High Street also has 26,000 SF of commercial space leased to Fidelity Investments and the Seasons 52 restaurant. Millennium High Street, is a LEED Gold-Certified, 332,984-SF property. It was built in 2013, almost across the street from the site of the former Tokyo Gardens restaurants.

JLL’s Matt Kafka represented the sellers  in the transaction.

Houston-based Dinerstein Companies, which was founded in 1955, has developed 50,000 units over the years. Dinerstein is currently developing the 383-unit Aspire Post Oak, a 40-story residential tower at San Felipe and Post Oak Boulevard.

Coventry, led by President and CEO Peter Henkel,  has invested over $3 billion in transactions comprising 212 properties, 21 million square feet in 43 states.

Galium Capital, led by Iser Rabinovitz and Jacques Bessoudo, owns 200 single-family homes in addition to retail, office and multifamily.


Sept. 22, 2021 Realty News Report Copyright 2021

For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up  by Ralph Bivins. Available on Amazon  http://tiny.cc/4a2g6y  

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File: Galium Continues Houston Buying Spree

Photo: Courtesy Coventry Real Estate Advisors and The Dinerstein Companies

 

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