CROSSBEAM CLOSES ON 282-UNIT WOODLAND HILLS

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HUMBLE — Bethesda, Md.-based Crossbeam Capital has acquired Woodland Hills Apartments, a 282-unit, 18-month-old garden-style rental community in Humble. The 11.2-acre community was purchased for an undisclosed amount from Houston-based Verde Apartment Communities, which developed the property. Woodland Hills, located at 3918 Atascocita Rd., is the eighth apartment community acquisition that Crossbeam Capital has completed with its operating partner, Houston-based Concierge Management Services.

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