Sohail Roopani And Shehzad Roopani Acquire Greenhouse Medical Plaza In Houston For Edloe Ventures

The medical office asset located at 2051 Greenhouse Road in Houston consists of 114,000 square feet and is currently 57% leased. The property was purchased by Edloe Ventures, represented by Sohail and Shehzad Roopani, in an off-market transaction. The acquisition was facilitated by Berkadia, with financing provided by Frost Bank.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: Not disclosed
• Buyer: Sohail Roopani & Shehzad Roopani - Edloe Ventures
• Seller: Larry Heard - Transwestern Investment Group; Terrell Gates - Virtus Real Estate Capital
• Brokers: Sabrina Solomiany & Vasili Davos - Berkadia
• Lender: Frost Bank
• Market: Houston

The deal represents a strategic move by Edloe Realty, part of Edloe Ventures, which plans to implement a value-add strategy aimed at increasing the occupancy from its current 57% to around 90% before selling the property to an institutional investor within a timeframe of three to five years.