Value-Add Apartment Portfolio Sells in Houston as Multifamily Heats Up
The Preserve at Westchase, one of three communities acquired by The Valcap Group in a 1,331-unit portfolio.Three value-add multifamily communities in Houston’s Westchase district are under new ownership. The Valcap Group purchased the portfolio of 1,331 units from Ascension Commercial Real Estate and Moriah Group.
The communities, Westchase Estates, Westchase Grand and Westchase Preserve, were collectively 91 percent occupied at the time of sale…
