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

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.