The Praedium Group Acquires 387-Unit Multifamily Community In Houston

The Everly, a 387-unit multifamily community located at 2827 Dunvale Rd, Houston, TX, 77063, was sold in Houston. Built in 2018, the property consists of one- and two-bedroom units featuring stainless steel appliances, walk-in closets, custom cabinetry, and quartz countertops. Amenities include a fitness center, Wi-Fi lounge, pool, outdoor fire pit, dog park and wash, beer garden, and indoor golf simulator.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not provided
• Market: Houston
• Seller's Reps: Ryan Epstein (Walker & Dunlop), Scott Bray (CBRE)
• Buyer: The Praedium Group
• Seller: Embrey Partners Ltd

Ryan Epstein, Jennifer Ray, and Scott Bray of Berkadia represented the seller, Embrey Partners Ltd., in the transaction. The buyer, The Praedium Group, is a privately held investment firm based in New York.