M&M BROKERS SALE OF 312-UNIT MULTIFAMILY PROPERTY IN HOUSTON

HOUSTON — Marcus & Millichap has brokered the sale of Mediterra at Westchase Apartments, a 312-unit multifamily property in Houston’s Westchase submarket. Located at 3131 Hayes Place, the complex is in proximity to the Sam Houston Tollway, U.S. Highway 6, Loop 610 and I-10, among other major thoroughfares. Constructed in 1980, the garden-style community offers efficiency and one- to three-bedroom residences averaging 803 square feet, as well as shared amenities such as a swimming pool, fitness center, business center and two laundry facilities. Jeffrey Fript and Kyle Bruchmiller of Marcus & Millichap represented the seller, a Texas-based investment firm, in the transaction. Fript also advised the buyer, an institutional investor from California.