|Sold! Class B, 235-unit The Broadmead near the Astrodome||Sold! Class B, 235-unit The Broadmead near the Astrodome||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14674||2016-09-30T05:00:00Z||2016-09-30T20:45:00Z|
HOUSTON - Nitya Capital, a Houston multifamily firm, purchased a 235-unit Class B multifamily community near the Astrodome.
The project, called The Broadmead, located at 2801 Broadmead Dr., is 95 percent leased.
Houston’s Class B multifamily market, which is 95.5 occupied, is attracting significant interest from investors, says JLL’s Chip Nash.
“Houston’s Class B multifamily market remains strong despite economic headwinds,” said Nash.
“Class B properties, like the Broadmead, are consistently occupied by a large segment of the population, presenting buyers with a solid investment and promising value-add opportunity.”
|Realty News Report||Houston-The Woodlands-Sugar Land||Multifamily|| http://realtynewsreport.com/2016/09/28/nitya-capital-buys-class-b-project-near-astrodome/|
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