Houston Galleria maps 392-unit Avenue R sale

HOUSTON – Avenue R, a 392-unit, Class A community located at 5455 Richmond Ave. in the Galleria, has been sold.

The one-year-old property is 94.9 percent occupied with average rents at $1.89 per sf. The community features one- and two-bedroom floor plans ranging in size from 593 sf to 1,293 sf.

Property amenities include attached garages and reserved parking.

An entity of Mesirow Financial purchased the community from an entity of Greystar.