Katy: 250-unit Providence at Grand Parkway sold for $27MKaty: 250-unit Providence at Grand Parkway sold for $27Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17722015-02-11T14:00:00Z2015-02-11T00:00:00Z

KATY - Providence at Grand Parkway, a 250-unit luxury community for active seniors 55 and older, has been sold. The buyer acquired the property for $27 million or $108,000 per unit. The property was 95 percent leased at the time of sale.

Built in 2009, the property features nine separate buildings and was developed through a partnership with Blazer Building Corp.

Providence features a heated pool, business center, library, conference room, chapel, activity rooms, game room, a fitness center, media room and covered parking.

Texas Real Estate Business
Houston-The Woodlands-Sugar Land
Senior Living
http://rebusinessonline.com/prp-sells-apartment-complex-in-metro-houston-for-27m/Read more at {Source}

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