Houston: Villas at West Road part of 1,941-unit sale

HOUSTON – Miami-based Atlantic Pacific Cos. (APC) struck a deal with Richmond, Va.-based McCann Realty Partners to acquire a 1,941-unit portfolio across Texas and Georgia for a sales price over $200 million.

As part of the portfolio, the company will acquire the Villas at West Road, a 240-unit community constructed in 2006 at 9500 West Rd. in Houston. It measures 273,568 sf on nearly 20 acres.

It offers one- to three-bedroom floor plans, and features 24-hour maintenance, a pool with poolside grilling area and a business center. Villas at West Roads is APC’s first investment in the Houston market.

APC’s property leasing and management platform will manage the newly acquired communities. APC also intends to make select capital improvements at certain communities which will include interior upgrades and common area improvements.