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Varden Capital Sells 223-Unit Apartment Community in West Houston

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Gracie Square Apartments in Houston, a 223-unit community, was sold as part of portfolio of 18 properties totaling 1,858 new units in Florida, Alabama, Tennessee, Mississippi and North Carolina.

HOUSTON — Varden Capital Properties, an Atlanta-based firm specializing in value-add acquisitions, has sold Gracie Square, a 223-unit apartment community in west Houston. The property, which was sold as part of a larger disposition of 18 multifamily assets across the southern U.S., features one-, two-, three- and four-bedroom units. Amenities include two pools, a fitness center, outdoor grilling areas and a dog park. The buyer was The Walden Group, a New Jersey-based investment firm. Tyler Averitt and Craig Hey of Cushman & Wakefield brokered the sale.

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