Houston: Three multifamily sales

HOUSTON – Throughout the metro region, 1,064 apartment units in three complexes recently switched hands. The three multifamily properties on the sales block were the 224-unit Broadstone Gramercy, the 360-unit Skyview at Palm Center and the 480-unit Stone Park Apartments.

Alliance Residential Fund I sold Broadstone at Gramercy at 2601 Gramercy St. in the Medical Center submarket.

Federal Home Loan Mortgage Corp. (Freddie Mac) sold Skyview at Palm Harbor at 5514 Griggs Rd. in the Southeast submarket. The 410,400-sf, Class B property was built in 2000, and has undergone substantial exterior renovations.

Oakmont Group sold Stone Park Apartments at 6160 E. Sam Houston Pkwy. N. in Northeast Houston. The property was completed in two phases between 2004 and 2007.

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