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Tennessee firm makes largest multifamily investment in I-610 LoopTennessee firm makes largest multifamily investment in I-610 Loophttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=148722016-10-13T05:00:00Z2016-10-13T21:00:00Z

​​​HOUSTON – Tennessee-based Mid-America Apartment Communities has purchased Yale@6 from Trammell Crow Residential Co.

The purchase registers as the largest multifamily investment in the I-610 Loop since China Construction America's purchase of Broadstone Post Oak​, a 275-unit apartment complex that sold last May for approximately $70.7 million. 

The 352-unit, five-story apartment complex, located just north of I-10 at 655 Yale St. in the Heights district,​ was completed in 2015 as Alexan Heights. The 350,000-sf community has studio, one- and two-bedroom apartments and is currently 93 percent occupied. 

HFF b​​rokered the sale on behalf of Trammell Crow Residential.

CoStar Group
Houston-The Woodlands-Sugar Land
Multifamily
http://www.costar.com/News/Article/MAA-Secures-New-352-Unit-Apt-Complex-in-Houston-Heights-District/185563Read more at {Source}

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