HOUSTON - Delta Alliance Capital Management LCC (DACM) has acquired Madison Park Apartments, a 576-unit apartment community situated on 23.5 acres near the intersection of Westheimer Rd. and Sam Houston Tollway/Beltway 8.
Built in 1978, the community consists of a variety of floor plans, with an average unit size of 895 sf.
DACM plans to invest significant capital to enhance the grounds, interiors, leasing office and fitness center. The business plan also includes updating the landscape and installing new signage.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.