SOLD
Cadre Acquires Property From Sueba USA At 2345 Sage Rd Houston
2345 Sage Rd, Houston, TX, 77056
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Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The Montierra is a 346-unit apartment community located at 2345 Sage Rd, Houston, TX, 77056 in the Houston market. Developed by Sueba USA in 2003, the property features one-, two-, and three-bedroom floor plans. Amenities at The Montierra include a pool, fitness center, clubhouse, lounge, movie theater, business center, and outdoor grilling stations.
Summary of transaction details:
- Property Type: Apartment Community
- Transaction Amount: Not disclosed
- Address: 2345 Sage Rd, Houston, TX, 77056
- Market: Houston
- Seller: Sueba USA
- Buyer: Cadre
- Seller's Representative: Dustin Selzer
Dustin Selzer of JLL represented the seller, while Brandon Smith, Annie Rice, and Jamie Kline, also with JLL, arranged acquisition financing through California Bank & Trust. The partnership between Bascom Group and Cadre plans to implement a value-add program for the property.
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