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Houston: 580-unit combo sale of Country Place, Saddle Ridge Houston: 580-unit combo sale of Country Place, Saddle Ridge https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20492015-01-08T13:02:00Z2015-01-08T00:00:00Z

HOUSTON - The Radco Cos. has purchased the 122-unit Country Place apartments at 1015 Country Place Dr. and the 458-unit Saddle Ridge apartments at 12800 Woodforest Blvd. as part of a three-property portfolio deal that marks its entry into Texas.

The Atlanta-based real estate acquisition and redevelopment firm acquired 916 units total in the deal, which included a community in San Antonio.

The three properties were built between 1975 and 1984 and were foreclosed on in 2011 by Fannie Mae, which was the seller.

The 17-building Country Place, which will be rebranded as City Terrace, is in the Energy Corridor. Its townhome units average 1,204 sf, including a mix of one- to four-bedroom apartments. Amenities include a clubhouse, pool, gazebo and covered parking for residents.

Saddle Ridge, which will be known as City Crossing, is accessible to the Port of Houston. The site is divided into the 16-building Saddle Ridge North and 26-building Saddle Ridge South.

tag: Houston apartment, Houston data

Houston Chronicle
Houston-The Woodlands-Sugar Land
Multifamily
http://blog.chron.com/primeproperty/2015/01/radco-cos-enters-houston-apartment-market/#29617101=0Read more at {Source}

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