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364-Unit Westchase Complex Sells

HOUSTON-The 91%-occupied Huntington Glen goes to a partnership of Sterling American of New York City and BH Management Services of Dallas. The Houston seller was asking $11.5 million for the complex, the buyer's second in the submarket.

By Jennifer Brenner Andrade | Updated on March 17, 2003

HOUSTON-The 364-unit Huntington Glen complex in the Westchase submarket has been traded to a partnership of New York City-based Sterling American Property Inc. and Dallas-based BH Management Services Inc. It’s the partnership’s second Westchase acquisition and fourth in Houston.

The Houston-based Juniper Investment Group, led by principal J. Douglas Rippeto Jr., is the seller of 12033 Bissonnet St., a class B complex that was 91% occupied at sale time. Ken Weber of Sterling American tells GlobeSt.com that the plan is to sink about $700,000 into upgrading the complex, which came with some deferred maintenance. The selling price is not available, but the asking price was about $11.5 million, according to Weber.

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