Josh Welch & Luke Fertitta Sell 460-Unit Multifamily Property For $56M In Houston, TX

Located at 700 Dunson Glen Dr. in Houston, Pasadena, TX, this multifamily property was recently sold in a closed transaction. The property spans a total of 488,576 square feet and consists of 460 units. The sale price for this transaction was recorded at $56,000,000, resulting in a per unit price of $121,739 and a price per square foot of $114.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $56,000,000
• Units: 460
• Price per Unit: $121,739
• Square Footage: 488,576
• Price per Square Foot: $114
• Market: Houston, Pasadena, TX

The sellers of this property were Josh Welch and Luke Fertitta. The transaction was facilitated by Matthew Peters, a representative from The Peters Team at Marcus & Millichap.