Lionheart Realty Group Acquires 129-Unit Multifamily In Houston, Texas

The property involved in the transaction is a 129-unit apartment complex located at 2900 Briarhurst Drive in the Trafalgar Apartments of Houston, Texas. The asset spans 142,395 square feet and achieved a cap rate of 5.66%. The sale was facilitated by the Besen National Team through an off-market process, culminating in an above-market offer from a New York-based buyer. Lionheart Realty Group acted as the buyer in this transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Units: 129
• Square Footage: 142,395
• Market: Houston
• Brokers: Samuel Finkler & Reese Weaver - Besen Partners

The Besen National Team successfully brokered the sale of the apartment complex, showcasing their ability to secure favorable deals through their established relationships. For further information on nationwide buying or selling opportunities, interested parties can reach out to Samuel Finkler at [email protected] or Reese Weaver at [email protected].