165-Unit Crystal Falls sells in Houston

HOUSTON – Berkadia sold Crystal Falls at 10950 Westbrae Parkway near Braeswood Blvd., SH 59 and Beltway 8.

Built in 1984, the 165-unit property features studio, one- and two-bedroom floor plans.

The property was 96 percent occupied at the time of the sale.

Each unit features fully equipped kitchens and balcony or patio. Select units have washer and dryer connections, fireplaces and vaulted ceilings. Community amenities include a swimming pool, Jacuzzi, fitness center and controlled-access gate.

Houston-metro vacancy tightened 30 basis points in the last three months to 5.4 percent by the end of first quarter 2015. Average asking rents advanced 0.8 percent to $1,052 per month in first quarter.