HOUSTON – Tampa, Fla.-based American Landmark has purchased two assets totaling 484 units.
One of the properties was the 234-unit Newport on the Lake at 1895 Barker Cypress Rd., which will be rebranded as Lakefront Villas.
The 250-unit Harbor View Apartments at 4855 Magnolia Cove Dr., being rebranded as The Jaxon, was also sold.
The assets were built in 2008 and 2010, respectively, and will undergo a combined $5.9 million capital improvement program.
The Real Estate Center has more Houston multifamily news online.
Source: REBusiness Online
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