Haven at Louetta is near the Exxon-Mobile campus on 7.1 acres at 20330 Whitewood Dr.

SPRING, TX—Developed in 2018, Haven at Louetta has 150 units with an additional 30 units to be developed during the next 36 months. Houston-based Newport Real Estate Partners LLC recently acquired the multifamily asset in northwest Houston for an undisclosed price. The seller was an entity of Guefen Development.

"We acquired this class-A asset off-market and are planning to add value by leasing up the remaining vacancy, as well as developing the final shovel-ready 25,500-square-foot residential building which includes 30 additional units," said Matt Wilson, co-founder and principal with Newport Real Estate Partners, which was founded last year.

Jack Franco, Newport co-founder and principal, spoke of additional plans for enhancing the property. "We are planning to immediately embark on a rebranding program that includes renaming the asset to Park45, and implementing a proactive and resident-focused management and leasing program to meet the demands of local renters. Other strategic planned improvements include adding smart home technology in all the apartments, instituting property events to build a sense of community, installing new landscaping and adding a business center within the leasing building in addition to making other key aesthetic improvements."