HOUSTON—Greenwich, CT-based Waypoint Residential has acquired Valencia Place, a class A, 246-unit asset in the Medical Center submarket.
“[The acquisition is] representative of our strategy to grow our portfolio through targeted investments in high growth markets with favorable fundamentals like employment stability and population growth,” Raymond Barrows, chief operating officer of Waypoint Residential, told GlobeSt.com.
Located at 3131 West Bellfort Ave., Valencia Place offers resort-like amenities such as a lap-style swimming pool, a “tanning shelf,” a fully-equipped fitness center with onsite trainer and yoga studio, a clubhouse with billiard tables and a business center.
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