Raamco International Acquires Property On Egret Bay Blvd In Houston Represented By Drew Kile And Jennifer Campbell
SOLD
+ 1
Texas
See Similar DealsMultiFamily
SOLD
Raamco International Acquires Property On Egret Bay Blvd In Houston Represented By Drew Kile And Jennifer Campbell
18707 Egret Bay BLVD, Houston, TX...
See Similar DealsMultiFamily
+ 1
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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