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35 South Capital Acquires 84-Unit Village Place Apartments In Houston

Property Image
SOLD

Texas

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MultiFamily
Sold 11/29/2023
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Property Image
SOLD

35 South Capital Acquires 84-Unit Village Place Apartments In Houston

9075 Gaylord Drive

See Similar Deals
MultiFamily
Sold 11/29/2023
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

Houston's 35 South Capital has acquired the Village Place Apartments, an 84-unit multifamily property located at 9075 Gaylord Drive in Hedwig Village, Houston. The off-market deal marks 35 South Capital's first entry into the upscale Memorial submarket. The property spans across 3.5 acres and is valued at over $12 million.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12 million
  • Number of Units: 84
  • Land Size: 3.5 acres
  • Address: 9075 Gaylord Drive, Hedwig Village, Houston
  • Market: Hedwig Village, Houston

The buyer in the transaction is 35 South Capital, represented by John Morton. The seller is Equus Capital Partners, represented by Daniel M. DiLella. This acquisition adds to 35 South Capital's portfolio, which already includes a 150,000-square-foot Class A office building acquired in 2020.

Players

3C
35 South Capital
BUYER
Daniel DiLella
Equus Capital Partners
Daniel DiLella
6 deals$453.9M volume
SELLER

Details

SOLD
IMAGE: John Morton & Daniel M. DiLella DATE: 11/29/2023 ADDRESS: 9075 Gaylord Drive MARKET: Hedwig Village, Houston ASSET TYPE: Multifamily ~ UNITS: 84 ~ ACRES: 3.5 BUYER: 35 South Capital (@35SouthCapital) - John Morton SELLER: Equus Capital Partners - Daniel M. DiLella NOTE: Houston's 35 South Capital has acquired the 84-unit Village Place Apartments in an off-market deal, marking the firm's first multifamily purchase in the upscale Memorial submarket. The property, valued at over $12 million, adds to 35 South's portfolio, which includes a 150,000-square-foot Class A office building acquired in 2020.

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