City Chase is located within the heart of the Westchase submarket.
HOUSTON—The MSA boasts one of the lowest costs of living among the nation's 23 largest metropolitan areas, a key contributor to Houston's ranking among the nation's most desirable cities for companies looking to relocate or expand operations. With jobs comes the need for housing, which prompts investors to look here for acquisitions.
After a recent acquisition, The RADCO Companies plans to spend upwards of $11.3 million on capital improvements to modernize and upgrade the newly acquired multifamily communities, Westchase Crossing and Wyndham Park apartments. With these purchases complete, the properties mark the 10th and 11th acquisitions of 2016 for RADCO. These are RADCO's 62nd and 63rd acquisitions since 2011 and its third and fourth communities in the Houston market.
The properties have been renamed City Chase and City Station, respectively, and together add 814 class- B units to RADCO's portfolio. Both properties will be managed by RADCO Residential, the company's proprietary management platform.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
