HOUSTON - The 219-unit Place at Greenway has been purchased by Redwood Capital Group and BH Management Services.
The property at 3333 Cummins St. was sold by Miller Creek Residential Trust, which owned the asset since 2011. Place at Greenway was built in the 1960s, with a clubhouse added in the 1990s, according to the Harris Central Appraisal District. The property was renovated in 2009.
To help fund the transaction, Greystone closed a $20.1 million CMBS loan with a ten-year fixed rate.
Read more at GlobeSt.com.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.