HOUSTON-Armed with cash and promising a short due diligence and quick close, Invesco Real Estate has emerged as the winning bidder for Alexan Upper Kirby, a 230-unit, class A multi-housing community.

The Atlanta-based investor acquired the mid-rise property from Trammell Crow Residential for an undisclosed amount. Local sources say the community traded for $150,000 to $160,000 per unit, which translate into a sale price of $34.5 million to $36.8 million.

Located at 2300 Richmond Ave. in the city’s inner loop, Alexan Upper Kirby was on the market just 30 days. During that period, it received more than 20 offers, according to Craig LaFollette, a senior managing director with Holliday Fenoglio Fowler’s local office. He brokered the deal along with the HFF investment sales team of senior managing directors Todd Stewart and Todd Marix, director Tre Banks and associate director Chris Curry.