Praxis Acquires 276-Unit Houston MultifamilyPraxis Acquires 276-Unit Houston Multifamilyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=99072015-07-31T08:46:00Z2015-07-31T00:00:00Z

HOUSTON (CoStar Group) – Praxis Residential has purchased the 276-unit Carriage Place Apts. from LYND.

Carriage Place is on 11.3 acres at 505 Wells Fargo Dr. near I-45 in the outlying Harris County multifamily submarket. The complex has 156 one-bedroom and 120 two-bedroom apartments ranging from 587 to 1,283 sf across 26 two-story buildings.

The California-based firm will invest over $9,000 per unit in interior renovations and property upgrades.

Cushman & Wakefield handled the disposition on behalf of LYND.

Houston-The Woodlands-Sugar Land
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