Two multifamily assets in Houston's Heights soldTwo multifamily assets in Houston's Heights soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=265592021-09-29T05:00:00Z2021-09-29T20:00:00Z

​​​HOUSTON – ​​Florida-based Cardone Capital​ has purchased two multifamily properties totaling 646 units in the Heights neighborhood from Alliance Residential. 

The first property is the 337-unit 15th Street Flats at 1414 N. Shepherd Dr. It was built in 2021 and has one- and two-bedroom units ranging from 638 to 1,273 sf. 

The second community is the 309-unit Heights Waterworks at​ ​515 W. 20th St. Built in 2020, the community has one- and two-bedroom floor plans ranging from 600 to 1,265 sf.

Berkadia represented the seller and arranged acquisition financing on behalf of the borrower. 

Cincinnati-based Eagle Realty Group provided the six-year loan.

texaslogo.pngThe Texas Real Estate Research Center has more information on housing:​
Houston-The Woodlands-Sugar Land
Read more at {Source}

 Search NewsTalk Texas