REBusinessOnline

CBRE Negotiates Sale of 148-Unit Apartment Complex in Houston

The Club at Staplechase, a 148-unit apartment community in Houston, was 90 percent occupied at the time of sale.

HOUSTON — CBRE has negotiated the sale of The Club at Stablechase, a 148-unit multifamily complex located in the Champions area of Houston. Built in 1999, the property features one-, two- and three-bedroom units that average 1,012 square feet. Amenities include a business center and 24-hour fitness center. The property was 90 percent occupied at the time of sale. Matt Phillips and Clint Duncan of CBRE represented the seller, CFH Investment Partners, in the transaction. Houston-based Mosaic Residential Inc. purchased the asset for an undisclosed price.

 

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