HOUSTON – A joint venture has sold the last five properties of a nine-community, 2,594-unit area multifamily portfolio.
The properties are the:
Veranda at Centerfield, 7700 Willow Chase Blvd.;
Club at Copperleaf, 14811 West Rd.;
Lighthouse at Willowbrook, 12330 N. Gessner Rd.;
Villas at Coronado, 9111 Lakes at 610 Dr.; and
Enclave at Mary's Creek, 2900 Pearland Pkwy. in Pearland.
The partnership is between New York-based GAIA Real Estate, Israel-based Menora Mivtachim Insurance, and Grand China Fund. The venture originally acquired the nine properties in 2013 for $245 million. The other four properties have been sold over the past three years.
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