Greystar claims Houston, SA, Dallas multifamily propertiesGreystar claims Houston, SA, Dallas multifamily propertieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=64202013-09-06T14:06:00Z2013-09-06T00:00:00Z

HOUSTON - Greystar Real Estate Partners recently scooped up multiple multifamily properties in Texas as part of a national $460 million portfolio acquisition consisting of 14 apartment communities, or 4,371 units.

The company acquired six Houston properties (1,882 units), four Oklahoma City properties (1,325 units), two San Antonio properties (536 units), one Dallas property (372 units), and one Louisville property (256 units). The Texas properties included in the purchase are described in the charts below.

Houston Acquisitions
City Complex Name Address
Rosenberg Brazos Ranch Apartments 7404 Town Center Blvd.
The Woodlands Grogans Landing Apartments 12000 Sawmill Rd.
The Woodlands Sterling Ridge Estates Apartments 6900 Lake Woodlands Dr.
The Woodlands Parkside Apartments  10600 Six Pines Dr.
The Woodlands  Woodridge Apartments  1475 Sawdust Rd. 
Webster Seven Palms Apartments 100 W. Texas Ave.

San Antonio Acquisitions
City Complex Name Address
San Antonio Encino Canyon Apartments 21302 Encino Commons Blvd.
Universal City Villages At Kitty Hawk 11801 E. Loop 1604 N.

Dallas Acquisitions
City Complex Name Address
Dallas CiTYViLLE Oak Park 3600 Wheeler St.

Inland American Real Estate Trust Inc. was the seller, and the transaction values the properties at about $105,000 per unit.

Greystar currently manages 34,700 units in Houston with eight properties.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/blog/breaking-ground/2013/09/greystar-rocks-the-multifamily-market.htmlRead more at {Source}

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