SB Properties Acquires Vargos On The Lake Apartments In West Houston

The property asset involved in the transaction is Vargos on the Lake, a 276-unit apartment community located at 2411 Fondren Rd, Houston, TX, 77063. The property includes one- and two-bedroom apartments, as well as three-bedroom townhomes. Amenities at this community feature a pool with a sundeck, a fitness center equipped with yoga and kickboxing stations, a resident lounge with billiards and poker tables, a conference lounge, and a dog park.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not disclosed
• Market: Houston
• Seller's Representative: Ryan Epstein-Walker & Dunlop
• Buyer: SB Properties

Jennifer Ray and Ryan Epstein of Walker & Dunlop represented the seller, Berkshire Group, in this transaction. The deal underscores the involvement of Arizona-based SB Properties in acquiring this apartment community in West Houston.