LEAGUE CITY - South Shore Lakes, a 328-unit, Class A community located at 3850 FM 518 East, has been purchased.
The 14-year-old community is 95 percent occupied with average rents at $1.18 per sf. The community features one- and two-bedroom floor plans ranging in size from 650 sf to 984 sf.
The garden-style community is situated on 21 acres. Property amenities include business center, golf/putting green, fitness center, access gates, clubhouse, swimming pools and volleyball court.
VR South Shore Holdings LP purchased the community from FPA South Shore Apartments LLC.
Read more at O'Connor and Associates.
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