Pegasus Real Estate Acquires 296-Unit Multifamily Community From Knightvest Capital In Houston

The property asset involved in this transaction is a 296-unit multifamily community located at 9550 Meyer Forest Drive in Houston. Built in 2001, the property has an average unit size of 1,000 square feet and boasts a 92% occupancy rate.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 9550 Meyer Forest Drive
• Market: Houston
• Units: 296
• Buyer: Pegasus Real Estate
• Seller: David Moore - Knightvest Capital
• Broker: David Mitchell - Newmark
• Mortgage Broker: Colin Cross - Newmark

This transaction involved Newmark acting on behalf of the seller, Knightvest Capital, in brokering the sale. Colin Cross from Newmark facilitated financing for the buyer, Pegasus Real Estate, as part of the deal, ensuring the transaction was successfully completed.