Cardone Capital snags Houston Heights apartment pair
HOUSTON – Florida-based Cardone Capital has purchased the 646-unit The Heights Collection, which consists of two new, Class A multifamily properties.
The 337-unit, eight-story 15th Street Flats at 1414 N. Shepherd Dr. was delivered in 2021. It has one- and two-bedroom floor plans ranging from 638 to 1,273 sf.
Amenities include a rooftop pool, social and business lounges, a private dining room, outdoor living spaces with alfresco dining, outdoor kitchen with a pizza oven, direct-access elevators, and courtyard.
The eight-story Heights Waterworks at 515 W. 20th St. was completed in 2020. It offers 309 units with one- and two-bedroom floor plans ranging from 600 to 1,265 sf.
Berkadia Institutional Solutions has arranged the sale and financing.
The Texas Real Estate Research Center has more information like this online for free:
Source: Realty News Report
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