HOUSTON - Carroll Organization has acquired the 330-unit Waterford on Westheimer at 13099 Westheimer Rd. and the 330-unit Villas at Westheimer at 2727 Synott Rd.. The buy from Davis Development increases Carroll's Houston portfolio to 2,476 units across seven properties.
Both properties were built in the late 2000s and are 94 percent occupied. They will now operate under Carroll Organization's ARIUM brand.
The Harris Central Assessment District appraises Villas at Westheimer at $33.7 million, while Waterford on Westheimer is assessed at $32.8 million.
Read more at GlobeSt.com.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.