HUMBLE, TX-Crossbeam Capital LLC has acquired Woodland Hills, a 282-unit, class A property in suburban Houston. The Bethesda, MD-based firm bought the garden-style community from Verde Apartment Communities for an undisclosed amount. However, industry experts estimate the 18-month-old apartment property traded for close to $30 million.

Situated on 11.2 acres at 3918 Atascocita Rd., Woodland Hills is the eighth apartment building that Crossbeam has completed with its operating partner, Houston-based Concierge Management Services, in the past 16 months. In December, Crossbeam completed its merger with CMS’ parent company, Concierge Asset Management.

Charles Cirar, vice chairman of CB Richard Ellis’ Multi-housing Group, marketed Woodland Hills on behalf of Verde Apartment Communities. Tom Cabibi, president of Denver-based Altitude Realty LLC, represented Crossbeam.