NW Houston: Gaia JV secures 1,376-unit residential portfolioNW Houston: Gaia JV secures 1,376-unit residential portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15432015-03-06T10:00:00Z2015-03-06T08:15:00Z

HOUSTON - A five-property, 1,376-unit residential portfolio in northwest Houston has been sold.

The five garden-style communities were constructed in 1983 with the first four communities located within a half-mile of one another in Houston's Bear Creek/Copperfield Multifamily submarket.

The Cottages of Champions Forest is located in the Outlying Harris County Multifamily submarket.

The acquisition consists of:

- Copperfield Apts.: 196 units;
- Coventry Square Apts.: 270 units;
- Easton Village Apts.: 146 units; 
- Peppermill Place Apts.: 464 units; and 
- The Cottages of Champions Forest: 300 units.

New York City-based Gaia Real Estate, in a joint venture with Israeli companies Menora Mivtachim Insurance and Amitim Senior Pension Funds were the buyers.

CoStar Group
Houston-The Woodlands-Sugar Land
http://www.costar.com/News/Article/Gaia-Led-Venture-Secures-1376-Unit-Multifamily-Portfolio-in-Houston/169386Read more at {Source}

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