REBusinessOnline

GAIA, Partners Sell 2,594-Unit Multifamily Portfolio in Greater Houston

Veranda-at-Centerfield-Houston

Veranda at Centerfield is one of the nine properties in the sold Houston multifamily portfolio.

HOUSTON — New York-based GAIA Real Estate, along with partners Menora Mivtachim Insurance and Grand China Fund, has sold a portfolio of nine multifamily properties totaling 2,594 units in the greater Houston area. The Class A properties were built between 1998 and 2006, with each asset featuring somewhere between 200 and 400 units. The buyers were not disclosed. GAIA originally acquired the portfolio in 2013 for approximately $245 million.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Updated daily:
How Will COVID-19 Impact the Commercial Real Estate Industry?
Click here.

COVID-19 Webinars: Learn more about the CRE industry's response to the coronavirus. Sign up.
Conferences


Read the Digital Editions

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business