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RPM Living, DRA Advisors Acquire 372-Unit San Paloma Apartments in Houston’s Energy Corridor

San-Paloma-Apartments-Houston

San Paloma Apartments in Houston totals 372 units. The property was built in 2006.

HOUSTON — A joint venture between Austin-based RPM Living Investments and New York-based DRA Advisors has acquired San Paloma, a 372-unit apartment community in Houston’s Energy Corridor area. Developed by Sueba USA in 2006, San Paloma features one- and two-bedroom units with an average size of 1,050 square feet. The amenity package comprises a pool, fitness center, heated spa, playground, dog park, business center and outdoor lounge spaces. A partnership between Blackstone and Livcor sold the property for an undisclosed price. Amerant Bank provided acquisition financing for the deal.

Content Partners
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‣ Lee & Associates
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‣ Walker & Dunlop

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