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352-Unit Apartment Buy a Solid One

HOUSTON-According to a broker uninvolved with the recent Connection at Buffalo Pointe transaction, buyer CBRE Strategic Partners ended up with an investment in a submarket driven by the nearby Medical District.

By Amy Wolff Sorter | Updated on May 23, 2013

HOUSTON-CBRE Global Investors Fund, CBRE Strategic Partners US Value 6, recently acquired the 352-unit Connection at Buffalo Pointe from developer Embrey Partners. According to a broker uninvolved with the transaction, the SoCal buyer acquired a decent deal just south of the Medical Center submarket.

Ed Cummins, senior vice president with Transwestern, tells GlobeSt.com that the property at 10201 Buffalo Speedway is south of Houston’s CBD. “The Medical Center is the large employer there,” he says. Furthermore, the area has a light rail station. “That’s what’s driving that location and market,” Cummins says.

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