InterUrban Cos. Sells 260 Units Kingwood Multifamily Complex

The Woodland Hills Village, a 260-unit apartment complex located at 2135 Lake Hills Drive in Kingwood, north of Houston, was sold by InterUrban Cos. The property was acquired by an undisclosed buyer, a Dallas-based investment firm. As part of the transaction, Berkadia represented the seller, facilitating the sale in the Kingwood market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Date: 03/20/2024
• Market: Kingwood
• Seller: InterUrban Cos.
• Brokers: Chris Curry, Chris Young, Jeffrey Skipworth, Joey Rippel & Kyle Whitney - Berkadia

The buyer, a Dallas-based investment firm, intends to implement a value-add program for the newly acquired Woodland Hills Village. This strategic move highlights the ongoing interest in the real estate market in Kingwood, showcasing the collaborative efforts of the involved parties in this successful transaction.