97
CYPRESS, TEXAS — ARA has brokered the sale of the 273-unit Greystar Cypress Village, an apartment community located in Cypress, a suburb of Houston. The apartment community is 97 percent occupied. Matthew Rotan, David Oelfke, David Wylie and David Mitchell of ARA's Houston office represented the seller, Charleston, S.C.-based Greystar, a national multifamily real estate owner, in the transaction. Miami-based Momentum Real Estate Partners, a private equity real estate investment management firm, was the buyer. Greystar Cypress Village is part of Houston's first transit-oriented mixed-use lifestyle development that includes 100,000 square feet of retail space and a 1,500-space parking facility.