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The fund will acquire limited partnership interests in real estate through the private secondary market
Capstone Realty and Management was the buyer.
It is not sure what it plans to do with the acreage, but preliminary conversations have focused on a health and wellness hub.
The 101,362 facility is located on West Sam Houston Parkway North
The fund acquires and converts underperforming industrial properties into creative office assets.
The venture is targeting three to four transactions of approximately 200,000 to 500,000 square feet.
The locations are at the Paramount Building and the soon to be completed Penn Station Long Island Railroad concourse.
The Atkins Companies and Denholtz Properties purchased the 490,000 square foot property.
Blackstone will provide $31M of tax credit equity to support Dominium's latest 196-unit LIHTC development.
Continental Properties sold the garden-style apartment complex.
