Transwestern Brokers Sale of Apartment Complex in Houston

HOUSTON — Transwestern’s Houston multifamily investment services group has completed the sale of the 164-unit Le Renaissance apartment community in Houston to Moody National Cos. Transwestern’s Ed Cummins and Ryan Mendez represented the seller, Texas Pinnacle Apartments, in the transaction. The buyer, which acquired the property for an undisclosed price, will operate the project as-is in the short term with plans to eventually redevelop the site into a mixed-use office and retail development. Located at 970 Bunker Hill Road, just south of I-10, Le Renaissance benefits from an average daily traffic count of more than 300,000 vehicles.