Magma Equities Acquires Multifamily Property In Roanoke And Houston

The recently closed transaction involved a multifamily property situated at 13450 Alta Vista Rd in Roanoke and 5454 Newcastle St in Houston. This expansive property spans over 806,512 square feet and comprises a total of 820 units. The transaction took place on 09/30/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 820
• Square Footage: 806,512
• Market: Roanoke & Houston

Magma Equities, represented by Tom Short, Ryan Hall, and Scott Ogilvie, acted as the buyer in this transaction. On the other hand, Taylor Hill from Institutional Property Advisors (IPA) served as the broker for the buyer. The mortgage broker responsible for facilitating the transaction was Harry Krieger from CBRE.