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CYPRESS, TEXAS — Chicago-based investment firm Waterton has acquired Carrington at Barker Cypress, a 330-unit multifamily community in Cypress, a northwestern suburb of Houston. The property offers one-, two- and three-bedroom units ranging in size from 830 to 1,567 square feet and amenities such as a pool with grilling areas, fitness center, business center and a game room. Waterton will invest in capital improvements to the interiors of the units. The seller was not disclosed.