The asset involved in this transaction is Haverstock Hills Apartments, a multifamily property located at 5619 Aldine Bender Road in the Houston market. The property consists of 700 units, with a sale price of $242,000,000, resulting in a price per unit of $345,714. The acquisition is positioned as an affordable housing community in Houston’s East Aldine neighborhood.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $242,000,000
• Buyer: Jeffrey Goldberg & Allan Izzo
• Buyer’s Agency: Fairstead
• Units: 700
• Price Per Unit: $345,714

Jeffrey Goldberg and Allan Izzo, representing Fairstead, are the key individuals behind this acquisition. The deal includes plans for comprehensive renovations aimed at modernizing the units and common areas, enhancing safety, and providing service-enriched programming for residents. The renovation project is supported by PNC Multifamily Capital, Harris County Housing Finance Corporation, and Rainbow Housing Corporation, with completion anticipated by early 2028.