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Harbor's $34M for 696-unit Fairfield CreekHarbor's $34M for 696-unit Fairfield Creekhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=73872013-05-15T07:03:00Z2013-05-15T00:00:00Z

HOUSTON - Following a close to three-year hold, Harbor Group International LLC has disposed of the 696-unit Fairfield Creek apartments for $34 million. The buyer was RB Associates.

Harbor Group acquired the Class B complex at 12510 S. Green Dr. in July 2010 for $27 million from a lender that had foreclosed on the asset. During its hold, Harbor Group invested approximately $1.52 million in property improvements.

Fairfield Creek was built in 1984 and consists of one-, two- and three-bedroom units averaging 781 sf per unit. The property is situated on 24.82 acres and is comprised of 52 buildings; 34 two-story buildings and 18 three-story buildings.

Read more at GlobeSt.com.

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Houston-The Woodlands-Sugar Land
Multifamily
http://www.globest.com/news/12_604/houston/multifamily/harbor-group-sells-696-unit-fairfield-creek-333290.htmlRead more at {Source}

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