REBusinessOnline

Greysteel Brokers Sale of Two Apartment Communities Totaling 550 Units in El Paso

Terrace-Hill-El-Paso

Terrace Hill is a 310-unit apartment community in El Paso that recently traded hands.

EL PASO, TEXAS — Greysteel has brokered the sale of La Privada and Terrace Hill, two multifamily communities totaling 550 units in El Paso. La Privada is a 240-unit property that features one- and two-bedroom units with an average size of 703 square feet. Terrace Hill spans 310 units in studio, one- and two-bedroom formats, with an average unit size of 752 square feet. Jack Stone, Doug Banerjee and Andrew Hanson of Greysteel represented the seller, a private investment firm, and procured the buyer, both of which requested anonymity.

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