Raamco International Acquires Property On Egret Bay Blvd In Houston Represented By Drew Kile And Jennifer Campbell

The transaction involved the sale of Towers at Clear Lake, a 216-unit multifamily asset located at 18707 Egret Bay Blvd, Houston, TX, situated on 11.8 acres. The property was built in 1985 and previously offered a combination of apartments and condominiums.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not Disclosed
• Market: Houston
• Seller's Representative: Will Balthrope, Drew Kile, Jennifer Campbell & William Griffin - Institutional Property Advisors
• Buyer: Raamco International
• Number of Units: 216
• Address: 18707 Egret Bay Blvd, Houston, TX
• Lot Size: 11.8 acres

The seller in this transaction was The ValCap Group, a Dallas-based investment firm. The Institutional Property Advisors team represented the seller and facilitated the procurement of the buyer, New Jersey-based Raamco International. Additionally, IPA recently brokered another sale involving The ValCap Group and Raamco, specifically the 304-unit Trails at Lake Houston.