14700 TP LLC Acquires 240 Unit Multifamily Property In Houston For $31.2M

The transaction involved a multifamily property located at 14700 Woodson Park Drive in Houston. The asset comprises 240 units and was acquired by 14700 TP LLC for $31,200,000, resulting in a price per unit of $130,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,200,000
• Units: 240
• Price Per Unit: $130,000
• Buyer: 14700 TP LLC
• Broker: Dustin Selzer - JLL

Dustin Selzer from JLL represented the seller in this transaction involving the acquisition of Ten Pines at Summerwood, a noteworthy multifamily asset in northwest Houston.