Keiichi Yoshii Of Daiwa House Group Acquires 309-Unit Parkside Residences In Houston For $85.2M

The 309-unit Parkside Residences at 808 Crawford Street is located in downtown Houston, TX. The multifamily asset includes a 43-story tower, which was developed in partnership and completed with financing support from Sumitomo Mitsui Bank. The apartments range from studio to penthouse units, averaging 1,203 square feet, and feature rooftop and work-from-home amenities situated near Discovery Green.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $85.2 million
• Address: 808 Crawford Street
• Market: Houston, TX
• Units: 309
• Buyer: Keiichi Yoshii - Daiwa House Group
• Seller: Adam Nims - Trammell Crow Company

Keiichi Yoshii's acquisition of the property was made possible through an $85.2 million loan, indicating the financial strategy employed by Daiwa House Group for this transaction. The asset previously belonged to Adam Nims of Trammell Crow Company, who successfully completed the partnership development of the property starting in 2019.