Cadre Acquires Property From Sueba USA At 2345 Sage Rd Houston

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.