Five-property Houston multifamily portfolio soldFive-property Houston multifamily portfolio soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=209672018-08-30T05:00:00Z2018-08-30T16:00:00Z

​​​​​​HOUSTON ​​– A joint venture has sold the last five properties of a nine-community, 2,594-unit area multifamily portfolio. 

The properties are the:

  • Veranda at Centerfield, 7700 Willow Chase Blvd.;

  • Club at Copperleaf, 14811 West Rd.;

  • Lighthouse at Willowbrook, 12330 N. Gessner Rd.;

  • Villas at Coronado, 9111 Lakes at 610 Dr.; and 

  • Enclave at Mary's Creek, 2900 Pearland Pkwy. in Pearland. 

The partnership is between New York-based GAIA Real Estate, Israel-based Menora Mivtachim Insurance, and Grand China Fund. The venture originally acquired the nine properties in 2013 for $245 million.​ The other four properties have been sold over the past three years.

CoStar Group
Houston-The Woodlands-Sugar Land
http://www.costar.com/News/Article/International-Partnership-Completes-Cash-Out-of-2954-Unit-Houston-Multifamily-Portfolio/204075Read more at {Source}

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