Private Investor Acquires Multifamily Property On Wayforest Dr In Houston, TX

The Alara is a 155-unit apartment community located at 17601 Wayforest Dr, Houston, TX. The Class B property offers one- and two-bedroom units along with amenities such as a pool, playground, and a business center.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not Disclosed
• Market: Houston
• Seller's Representative: Mark Allen (Global Real Estate Advisors (GREA)), Todd Franks ()
• Buyer: Private Investor

Mark Allen and Todd Franks of SVN represented the seller and procured the buyer, who were both out-of-state investors in the transaction of The Alara, a multifamily property in north Houston.