HOUSTON-Adams LaSalle Institutional Apartments has acquired Stone Mist Apartments, a 192-unit, class A multifamily community here.
The Chicago-based investor bought the property out of receivership from special servicer, Midland Loan Services, for an undisclosed amount. Trigild served as the receiver.
Stone Mist Apartments is Adams LaSalle’s fourth multifamily acquisition in the past 16 months, according to Tim Burns, principal with Adams LaSalle. The 12-year-old complex brings the firm’s local portfolio to five properties totaling nearly 1,300 units.
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