HOUSTON - Cortland Partners of Atlanta has acquired Newport on the Lake, a 234-unit multifamily community located at 1895 Baker-Cypress Rd. in the Energy Corridor. The development includes 252,768 sf of rentable space.
The one-, two- and three- bedroom units range from 762 sf to 1,454 sf with an average unit size of 1,080 sf.
The project, completed in 2008, has 97 percent occupancy and was previously owned by Columbus Pacific Properties.
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