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