CONROE, TX—CBRE Houston's Multifamily Investment Properties Group has completed the sale of the Retreat at Conroe, a 210-unit class A multifamily community, on behalf of Houston-based The Retreat at Country Club Park, LLC. Beverly Hills, CA-based FSC Realty, LLC, purchased the property. The terms were not disclosed.
The luxury community, at 2951 North Loop 336 West, was completed in 2013. It features one-, two-, and three-bedroom units ranging in size from 593 - 1,344 square feet. It is 97% occupied.
“The Conroe area is going through a tremendous boom at this time. The major employment coming south has pushed new and future employees to search for housing north of Houston in Conroe and it is creating tremendous demand in the area,” said Ryan Epstein, senior vice president at CBRE.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
