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Whispering Oaks lures California buyer to ConroeWhispering Oaks lures California buyer to Conroehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=66452013-08-07T09:47:00Z2013-08-07T00:00:00Z

CONROE - Santa Rosa, Calif.-based Praxis Capital LLC has acquired Whispering Oaks Apartments, a 140-unit multifamily property located at 1200 North Loop 336 W.

Situated on over six acres, the 20-building complex has a mix of 36 one-bedroom units, 86 two-bedroom units, 16 three-bedroom units and two four-bedroom units.

The units range from 640 sf to 1,600 sf with rents between $599 and $1,050 a month. Praxis Capital plans to invest more than $4,200 per unit renovating and upgrading the property.

Praxis purchased Whispering Oaks because the company said it sees the Houston area experiencing tremendous job growth, along with seeing Texas as a stable economy, favorable to multifamily investment, said Brian Burke, managing director for Praxis.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Multifamily
http://www.bizjournals.com/houston/morning_call/2013/08/california-company-snatches-up-conroe.htmlRead more at {Source}

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