HOUSTON – Thrive/Jevan Capital/Comunidad Realty Partners has sold the 659-unit Villas de Palmas apartment community.
At the time of the sale, the seller had already completed partial upgrades to the exterior and common areas of the property and interior upgrades to around 20 percent of the units.
The buyer, Nimes Capital, plans to continue renovations on the property, which was built in the late 1970s.
FourPoint Multifamily Investments brokered the sale.
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