Houston, Cypress, Kingwood, Spring apts. sell for $192MHouston, Cypress, Kingwood, Spring apts. sell for $192Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=57132013-11-15T12:48:00Z2013-11-15T07:00:00Z

HOUSTON - Steadfast Income REIT completed the value-add acquisition of a six-property apartment portfolio in a two-part transaction that added another 1,692 apartment units to its Texas holdings.

All properties included in the portfolio sale were developed by the manager and seller, Atlanta-based Davis Development, and were built between 2004 and 2008. Steadfast plans to make several cosmetic upgrades to the units as they turn over.

Below are the properties included in the sale.

City Property Address Units Price
Steadfast Houston Portfolio
Cypress Waterford Place at Riata Ranch 10880 Barker Cypress Rd. 228 $23.40
Houston Carrington Park at Huffmeister 14600 Huffmeister 232 $25.15
Houston Carrington Place 12700 FM 1960 W. 324 $32.90
Houston Villas at Huffmeister 15050 Copper Grove Blvd. 294 $37.60
Kingwood Villas of Kingwood 300 Forest Center Dr. 330 $40.15
Spring Carrington at Champion Forest 13313 Cutten Rd. 284 $33.00

Read more at CoStar Group and Securities and Exchange Commission.

CoStar Group
Houston-The Woodlands-Sugar Land
http://www.costar.com/news/article/multifamily-reit-buys-1692-apt-unit-portfolio-in-houston/154462Read more at {Source}

 Search NewsTalk Texas