HOUSTON – Lantower Residential has sold Magnolia Grove, a 268-unit apartment community at 12601 S. Green Dr.
Built in 1984, the property has one- and two-bedroom units. Amenities include a clubhouse, swimming pool, and fitness center.
Berkadia represented the seller and secured a Freddie Mac loan on behalf of the buyer, a Dallas-based private investor.
According to Yardi Matrix, the asset was 91.4 percent occupied as of December 2019.
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Source: Multi-Housing News
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