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SUGAR LAND, TEXAS — H.I.G. Realty Partners, an investment firm, has sold a 288-unit apartment community in the Houston suburb of Sugar Land. The asset was purchased in December 2012 and H.I.G. implemented a capital improvement program during its ownership. During the past three years, H.I.G. Realty has acquired and/or developed 7,000 multifamily and student housing units in 13 investments across the U.S. H.I.G. Realty is the real estate platform of H.I.G. Capital, which manages $1.3 billion in investments in small-to-mid cap real estate assets. H.I.G. Realty targets the acquisition of value-add investments and seeks to generate cash flow and appreciation through redevelopment.