HOUSTON – Alfa TX Investment Group has purchased Willow Ridge Apartments.
The 262-unit multifamily community was built in 1977 at 12800 Dunlap St. It has one- to three-bedroom floor plans and amenities such as a pool, business center, and clubhouse. It had an average occupancy rate of 93 percent over the past five years.
JLL represented the seller, Sentinel Capital LLC. The firm also arranged a ten-year, fixed-rate Fannie Mae acquisition loan on behalf of the buyer.
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Source: REBusiness Online
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