HOUSTON—Typifying the demand for class B and C multifamily that is occurring in the metro, three multifamily properties totaling 786 units have recently sold. Transwestern 's Houston multifamily investment services group's managing director Ed Cummins , senior vice president Tim Gregory , vice presidents Ryan Mendez and Kenady Davis , and assistant vice president Lupe Olivares represented the sellers in all of the transactions. Cummins tells GlobeSt.com: "The location of each of the assets was significant in their appeal to investors. Waterford Place is well located in the coveted Spring Branch Independent School District. Sherwood Glen is located in the quickly gentrifying Oak Forest neighborhood in Northwest Houston. Chateau Nederland is located in the Golden Triangle of East Texas, benefitting from the still-booming downstream energy business and the project is zoned to the most highly-rated school district in the area." Waterford Place Apartments , a 552-unit community located at 3125 Crestdale Dr. in Houston, was purchased for an undisclosed amount by SPRE Waterford LLC . Transwestern represented the seller, Ascension Commercial Real Estate , in the transaction. Chateau Nederland , a 178-unit community located at 1003 Ave. B in Nederland, TX was purchased for an undisclosed amount by Roco Chateau Nederland LLC . Transwestern represented the seller, Chateau Residential LP , in the transaction. Sherwood Glen Apartments , a 56-unit community located at 3805 Sherwood Ln. in Houston, was purchased for an undisclosed amount by APEG Sherwood LLC . Transwestern represented the seller, Shamrock Lane LLC , in the transaction. “Demand for class-B and C apartment assets remains vibrant in the Houston market,” said Cummins. “These deals represented a blend of local and national capital, as well as a mix of yield and value-add buyers. Year to date, we have closed 12 deals totaling over 1,800 units at a value of approximately $130 million. With similar numbers in the pipeline, we expect the second half of the year to be strong.” Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more. HOUSTON—Typifying the demand for class B and C multifamily that is occurring in the metro, three multifamily properties totaling 786 units have recently sold. Transwestern 's Houston multifamily investment services group's managing director Ed Cummins , senior vice president Tim Gregory , vice presidents Ryan Mendez and Kenady Davis , and assistant vice president Lupe Olivares represented the sellers in all of the transactions. Cummins tells GlobeSt.com: "The location of each of the assets was significant in their appeal to investors. Waterford Place is well located in the coveted Spring Branch Independent School District. Sherwood Glen is located in the quickly gentrifying Oak Forest neighborhood in Northwest Houston. Chateau Nederland is located in the Golden Triangle of East Texas, benefitting from the still-booming downstream energy business and the project is zoned to the most highly-rated school district in the area." Waterford Place Apartments , a 552-unit community located at 3125 Crestdale Dr. in Houston, was purchased for an undisclosed amount by SPRE Waterford LLC . Transwestern represented the seller, Ascension Commercial Real Estate , in the transaction. Chateau Nederland , a 178-unit community located at 1003 Ave. B in Nederland, TX was purchased for an undisclosed amount by Roco Chateau Nederland LLC . Transwestern represented the seller, Chateau Residential LP , in the transaction. Sherwood Glen Apartments , a 56-unit community located at 3805 Sherwood Ln. in Houston, was purchased for an undisclosed amount by APEG Sherwood LLC . Transwestern represented the seller, Shamrock Lane LLC , in the transaction. “Demand for class-B and C apartment assets remains vibrant in the Houston market,” said Cummins. “These deals represented a blend of local and national capital, as well as a mix of yield and value-add buyers. Year to date, we have closed 12 deals totaling over 1,800 units at a value of approximately $130 million. With similar numbers in the pipeline, we expect the second half of the year to be strong.” Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.