HOUSTON – The area's most active multifamily buyer, Florida-based Advenir Inc., has purchased the 320-unit Park Lakes Apartments.
Located just south of Loop 610 near the Astrodome, the 95 percent-leased asset will be renovated and rebranded as the Advenir @ The Medical Center.
The seller, Glendale, Calif.-based American Realty Advisors, was represented by HFF. HFF also arranged Freddie Mac financing for the buyer.
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