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HOUSTON — South Houston LP, a Dallas-based limited partnership, has purchased the 156-unit Granada Terrace apartment community located at 1301-1305 Avenue A in South Houston from Santa Clarita, Calif.-based Granada Terrace LTD. Jeff Eisenhardt of Hendricks & Partners’ Houston office negotiated the transaction on behalf of the seller. The sale price was undisclosed. The community currently is being operated as a 100 percent project-based Section 8 Housing Assistance Program property.