Updated Mar 5, 2026
David Moore Of Knightvest Capital Acquires 316-Unit Gables Post Oak In Houston
1875 Post Oak Park Drive
Units
316
Asset Type
MultiFamily
Closing
Feb 26, 2026
About this deal
AI
The multifamily asset involved in this transaction is located at 1875 Post Oak Park Drive in Houston. The property comprises 316 units and was acquired by Knightvest Capital for its Fund II portfolio. The deal was executed below replacement cost, aligning with the firm's strategy to enhance multifamily assets in high-growth markets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 316
- Address: 1875 Post Oak Park Drive
- Market: Houston
- Buyer: David Moore - Knightvest Capital
The deal includes plans for major renovations to the interiors and common areas of the property, which has been rebranded as Hollings Post Oak. David Moore, the Founder and CEO of Knightvest Capital, emphasized this value-add purchase as part of the company's ongoing strategy in the market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93