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Strong demographic trends, diverse economic base and healthy job creation will remain attractive to investors and encourage investment activity amid low transaction volume of newer multifamily assets in Houston last year.
The class-A apartment property is located on approximately 10 acres fronting Sugar Road near Owassa Road, just west of Interstate 69/US 281, which is being transformed into the NAFTA Highway (I-69).
Bellagreen is set to occupy a 3,500-square-foot space at the new shopping center on Bay Area Boulevard, which will serve as an integral component of the project being developed by Baker Katz.
An off-market acquisition is an opportunity for a value-add play and further proof in the performance of San Antonio's multifamily market as solid and steady with a growing national investment presence.
Strategic investments for value-add opportunities are earmarks of the region's strong economic environment and projected market growth as the city is poised for another great year in 2018.
Consistently high occupancy and steady absorption through the energy downturn leads to first-phase development of Port 10 Logistics Center near Port Houston, a vital starting point for logistics delivery.
A survey indicates 67% of construction firms are having difficulty finding skilled workers such as carpenters, bricklayers, electricians and plumbers, which began with the Great Recession of 2008/2009.