Built between 1992 and 1999, the adjacent properties are located near Houston’s Romano Woods neighbourhood, and collectively consist of 566 garden-style residential townhomes on 39-acres. Located within a short drive from downtown Houston, the amenity-rich properties offer tenants two clubhouses, fitness centres and resort style pools, as well as convenient access to surrounding educational institutions, retail hubs, and the Houston Northwest Medical Center.
“Houston has demonstrated strong market fundamentals, and with increasing rents and decreasing vacancies, the city checked a lot of boxes for Marlin Spring and Greybrook’s value-add investment strategy,” explained Ben Bakst, CEO of Marlin Spring Investments. “This is our eighth value-add multi-family property acquisition in North America and it is an exceptional opportunity for our organizations to leverage our collective experience and expertise in real estate to significantly increase the value of this asset.”
Read the full news release here: