BAYTOWN, TEXAS — California-based apartment investment firm Passco Cos. has acquired Boterra Bay Apartments, a 384-unit multifamily community located in the eastern Houston suburb of Baytown. The Class A property will be rebranded Sapphire Bay Apartments. Floor plans consist of one-, two- and three-bedroom units that feature granite countertops, stainless steel appliances and walk-in closets. Amenities include a pool with a tanning deck, a fitness center with yoga and spin studios, outdoor kitchen with grilling stations, dog park, business center and a resident clubhouse. Thomas Alleman and Brandon Miller of Newmark Knight Frank represented the seller, a joint venture between Houston-based The Boterra Group and Dallas-based Edison Capital Holdings, in the transaction. Chris Black and Caleb Marten of KeyBank Real Estate Capital secured acquisition financing on behalf of Passco.
![Sapphire-Bay-Baytown-Texas](https://rebusinessonline.com/wp-content/uploads/2019/08/Sapphire-Bay-Baytown-Texas.jpg)
Passco's acquisition of Sapphire Bay, a 384-unit multifamily community in Baytown, marks its second in the Houston area and third in Texas.
Passco Acquires 384-Unit Apartment Community in Metro Houston
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