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

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SOLD
Jordon Emmott
Abraham Graza

Texas

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MultiFamily
Sold 05/24/2023
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Property Image
SOLD

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

5331 Beverly Hill St Houston, TX 77056, USA

See Similar Deals
MultiFamily
Sold 05/24/2023
Jordon Emmott
Abraham Graza
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Jordon Emmott
Jordon Emmott
2 deals
BROKER
Abraham Graza
Global Real Estate Advisors (GREA)
Abraham Graza
1 deal(503) 241-5541
BROKER
TG
Three Pillars Capital Group
BUYER
I
InvestRes
SELLER
City Bank
City Bank
LENDER

Details

SOLD
IMAGE: Abraham Graza & Jordon Emmott DATE: 05/24/2023 ADDRESS: 5331 Beverly Hill Street MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 426 ~ ACRES: 9 BUYER: Three Pillars Capital Group (@ThreePillarsCapital) SELLER: InvestRes BROKERS: Abraham Graza & Jordon Emmott - Global Real Estate Advisors (@GREA_Mid_Atlantic) LENDER: City Bank NOTE: Three Pillars Capital Group has purchased Chateaux Dijon, a 426-unit multifamily community in Houston's Galleria area, from InvestRes. The acquisition includes a $34 million loan from City Bank and plans for extensive renovations to the property, which offers amenities and a prime location near interstates and retail options.

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