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.
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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