May 29, 2014
470-Unit portfolio sold near Houston Med Center
HOUSTON - The Texas Medical Center Portfolio consisting of three Class A multihousing communities in Central Houston has been sold to Georgia-based JMG Realty Inc. The portfolio is comprised of...
HOUSTON – The Texas Medical Center Portfolio consisting of three Class A multihousing communities in Central Houston has been sold to Georgia-based JMG Realty Inc.
The portfolio is comprised of El Mundo Park, Plaza Del Oro and San Marin.
- El Mundo Park, 8300 El Mundo St., with 192 units.
- Plaza Del Oro, 2700 Holly Hall St., with 66 units.
- San Marin, a 212-unit property at 8181 El Mundo St.
The portfolio totals 470 units, is 96 percent leased overall and is within two miles of the Texas Medical Center within Loop 610 in central Houston.
The seller was LeCesse Development Corp.
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