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HOUSTON and AUSTIN — A joint venture of Ascension Commercial Real Estate and Moriah Real Estate Co. has purchased the 4,568-unit, Class B apartment buildings in Austin and Houston. J. Michael Lewis, Greg Austin and Chip Nash of Jones Lang LaSalle’s Capital Markets represented all parties in the transaction. Houston-based LMI Capital’s Ken Lawrence and Chris Pollard arranged the joint venture’s senior financing. Properties featured in the transaction include:
- Aubry Hills in Austin, 192 units
- Bay Crest Village in Houston, 96 units
- Bay Place in Houston, 193 units
- The Berkshire in Houston, 227 units
- Hayes Place in Houston, 307 units
- The Meadows in Houston, 480 units
- The Park on Burke in Houston, 160 units
- Pointe at Steeplechase in Houston, 316 units
- Princeton Club in Houston, 291 units
- Shadow Creek in Houston, 296 units
- Sheffield Square in Houston, 190 units
- Sierra Pines in Houston, 804 units
- Spring Meadows in Houston, 304 units
- Timber Run in Houston, 156 units
- Walnut Bend in Houston, 556 units