Three Pillars Capital Group Acquires Chateaux Dijon Multifamily In Houston From InvestRes With $34M Loan

Three Pillars Capital Group has purchased Chateaux Dijon, a 426-unit multifamily community located at 5331 Beverly Hill Street in Houston's Galleria area. The property spans across 9 acres and offers a prime location near interstates and retail options. The transaction, which took place on 05/24/2023, involved the sale of the property by InvestRes to Three Pillars Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 426
• Acres: 9
• Address: 5331 Beverly Hill Street
• Market: Houston

Abraham Graza and Jordon Emmott of Global Real Estate Advisors represented both the buyer, Three Pillars Capital Group, and the seller, InvestRes, in the transaction. The deal also involved a $34 million loan from City Bank to facilitate the purchase. Three Pillars Capital Group intends to undertake extensive renovations to the property, enhancing its amenities and appeal.