HOUSTON - Tradewind Properties boosted its local multifamily portfolio with the company's purchase of the 392-unit Monterra Park Apts. at 4000 Watonga Blvd. from CrestMarc.
Completed in 1974, Monterra Park is a garden-style apartment community located adjacent to the White Oak Bayou Trail in northwest Houston.
The community consists of one- to three-bedroom floor plans across 38 buildings and features on-site amenities that include a pool, clubhouse and business center.
Tradewind secured bridge financing for the acquisition and rehab of the community, which will include a rebranding of the community as well as amenity and unit interior upgrades.
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