The Plantation at The Woodlands 432 units soldThe Plantation at The Woodlands 432 units soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=31022014-09-15T09:31:00Z2014-09-11T00:00:00Z

THE WOODLANDS - The Plantation at The Woodlands, a 432-unit Class A garden-style apartment community, has been sold. It is located at 3720 College Park Dr. about 25 miles north of the Central Business District.

Completed in 2009, the property consists of one-, two- and three-bedroom floor plans averaging slightly more than 1,000 sf.

A CBRE Global Investors-sponsored fund acquired the community, which is nearby numerous entertainment and retail amenities, key employers and a major transportation corridor.

“The Woodlands is a high-barrier-to-entry submarket with some of the most favorable demographics in greater Houston and is expected to outperform the MSA in terms of both rent growth and vacancy,” said Steve Gullo, managing director of CBRE Global Investors Multi-Housing Group.

Houston-The Woodlands-Sugar Land
http://www.globest.com/news/12_941/houston/multifamily/CBRE-Fund-Acquires-Woodlands-Property-350159.htmlRead more at {Source}

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