The recent off-market acquisition involves Crenshaw Grand Apartments, a multifamily asset featuring 264 units and covering a total square footage of 221,712. The property is situated at 5400 Crenshaw Road within the Pasadena market and was completed in 2015. Crenshaw Grand is designed as a garden-style apartment community located at the intersection of Pasadena and Clear Lake, in proximity to the Port of Houston.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not Specified
• Units: 264
• Square Footage: 221,712
• Address: 5400 Crenshaw Road
• Market: Pasadena
• Buyer: Keith Buchanan - Buchanan Capital Partners
• Seller: MLG Capital

Keith Buchanan of Buchanan Capital Partners has announced the acquisition of Crenshaw Grand Apartments from MLG Capital, marking a significant addition to their portfolio. The deal emphasizes the strategic value of the location near a critical intersection and proximity to major transportation routes.