Multifamily Investor Believes in Houston's Recovery

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.