La Privada Apartments is located at 9030 Betel Dr. in the Mission Valley area of El Paso.
EL PASO—El Paso is turning investors' heads these days, and some are new faces in the local investment landscape. A recent acquisition shows the appeal of multifamily properties here. La Privada and Terrace Hill Apartments, a 550-unit two-property multifamily portfolio, recently sold to private investors.
La Privada Apartments is located at 9030 Betel Dr. in the Mission Valley area of El Paso. The area primarily consists of small businesses, shops and restaurants, but is well-known for its missions, art galleries, museums and annual festivities. The 240-unit property consists of 13 two-story buildings and is comprised of one- and two-bedroom units with an average unit square footage of 703.
Terrace Hill Apartments is located at 4111 Westcity Court in West Central El Paso, which is home to several historic neighborhoods and districts, as well as a myriad of entertainment options, including a new Top Golf and Alamo Draft House Cinema. West Central El Paso is situated between Interstate 10 and the Franklin Mountains, with the University of Texas at El Paso centrally located. The 310-unit property consists of 13 two-story buildings and is comprised of studio, one- and two-bedroom units with an average unit square footage of 752.
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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.
