Search
 

Texas Apartment Portfolio Trades for $100M

HOUSTON-Investcorp has paid $100 million to acquire five apartment communities totaling 1,900 units in Texas.

By GlobeSt News Hub | Updated on December 18, 2012

HOUSTON-Investcorp has paid $100 million to acquire five apartment communities totaling 1,900 units in Texas. The properties include Bristol Square, a 336-unit apartment building in Austin; Waters Park, a 168-unit multifamily complex in Dallas; Villages of Meyerland, a 714-unit apartment community in Houston; Cottages of Champions Forest, a 300-unit multifamily complex in Houston; and Villas at Edgewater, a 414-unit apartment community in Houston.

The properties, which have a 91% occupancy rate in total, are managed by The Carroll Organization and Mosaic Residential. For the full story, go to Houston Business Journal .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.