Advenir Acquires 480-Unit Apartment Community in Houston

HOUSTON — Advenir, a provider of multifamily real estate investment and management services, has acquired Advenir at Stone Park, formerly known as Broadstone Stone Park Apartments. The property is a 480-unit, Class A apartment community located at 6160 E. Sam Houston Parkway N. in Houston. Advenir has acquired more than 1,100 apartment units in metro Houston during the last nine months. Advenir at Stone Park is a two-phased development with the first phase built in 2004 and the second completed in 2007. Amenities include two fitness centers, two business centers, two swimming pools, available detached garages and carports and controlled access gates. Advenir plans to invest $4 million to renovate and modernize all of its common area facilities, the property exteriors and unit interiors. The property is located within walking distance to The Shops at Stone Park and New Forest Crossing Shopping Center, which include 533,000 square feet of retail combined.