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225 South Heights Boulevard

David Moore Of Knightvest Capital Acquires 318-Unit Arlo Buffalo Heights Apartments In Houston
SOLDMultiFamily

David Moore Of Knightvest Capital Acquires 318-Unit Arlo Buffalo Heights Apartments In Houston

225 South Heights Boulevard

Building Size

Asset Type

MultiFamily

Closing

Sep 23, 2025

AI

The property asset involved in the transaction is the 318-unit Arlo Buffalo Heights apartments, which is located at 225 South Heights Boulevard in Houston. The market for this asset is Houston, and it represents a multi-family property type. This community was originally built in 2014 and is set to undergo a full renovation program, which includes unit upgrades and amenity enhancements.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not disclosed
  • Units: 318
  • Address: 225 South Heights Boulevard
  • Market: Houston
  • Buyer: David Moore - Knightvest Capital

David Moore represents Knightvest Capital in the acquisition of the property, marking the firm’s tenth purchase in Fund II. The company intends to rebrand the property as Whitmore and relocate the leasing center to better position the community against newer competition.

Players

David Moore

Knightvest Capital

Buyer

$274.2M

vol

14 deals

Buyer

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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