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Houston's Alexan Heights trades handsHouston's Alexan Heights trades handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=147182016-10-03T05:00:00Z2016-10-03T20:00:00Z

​​HOUSTON - The nation’s largest real estate investment trust has purchased a new luxury apartment in Houston’s Heights neighborhood.

Mid-America Apartment Communities Inc. has acquired Alexan Heights, a five-story, 352-unit apartment complex at 655 Yale St.

The red-brick building sits on a 3.5-acre site near the Heights Hike and Bike Trail at the intersection of Yale and 7th St.

Alexan Heights opened in ​fall 2015.

The midrise apartment is currently 94 percent leased and 83 percent occupied, according to HFF’s marketing materials. 

Trammell Crow Residential was charging tenants an average of $2.27 per sf, or about $1,940 per month for a unit averaging 854 sf, according to the marketing materials.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Multifamily
http://www.bizjournals.com/houston/news/2016/09/27/exclusive-nation-s-largest-reit-scoops-up-luxe.html

Check out Houston Multifamily Market Research to see the latest data and reports.

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