Northwest Corners’ 466 units purchased by Omninet

HOUSTON – Omninet Capital has purchased Northwest Corners, a 466-unit complex in the Spring Branch area.

The property, along Hempstead Hwy., has a mix of studio, one-, two- and three-bedroom apartments with an average size of 765 sf.

The Beverly Hills, Calif.-based company purchased the complex from Salt Lake City-based Cottonwood Capital Property Management.

Omninet Capital has been expanding its holdings in Houston since it purchased the Southwest Corporate Center, a 525,580-sf office complex at 9700 Bissonnet last year.

Most recently, it made its first local apartment purchase with the acquisition of the Hartford Park Apartments near the Westpark Tollway and Synott Rd.