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May 19, 2021

Houston apartment community trades hands

HOUSTON – San Antonio-based REEP Equity has purchased Residences 2727, a 171-unit apartment complex on 3.7 acres at 2727 Elmside Dr. The property has one- and two-bedroom units averaging 917 sf.Amenities include...

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by

Hayley Rieder Wiley

HOUSTON – San Antonio-based REEP Equity has purchased Residences 2727, a 171-unit apartment complex on 3.7 acres at 2727 Elmside Dr.

The property has one- and two-bedroom units averaging 917 sf.

Amenities include a pool, fitness center, pet park, and resident lounge.

JLL arranged fixed-rate acquisition financing through NexBank.

REEP will implement a value-add program that will include the addition of a business center.

Texas logo The Texas Real Estate Research Center has more information like this online for free:

Source: REBusiness Online

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Written by

Hayley Rieder Wiley

Last updated

Mar 28, 2024

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