Miami investor buys another Houston apartment complex
Miami-based One Real Estate Investment has added the Avalon at Royal Oaks to its Houston apartment portfolio in a $30 million transaction.
The 436-unit complex, which consists of 41 buildings on 14 acres at 2310 Crescent Park Drive, is near Westheimer and Kirkwood on the city's west side.
"We are pleased with this latest investment as it validates our commitment to the vibrant Houston market," Jeronimo Hirschfeld, CEO of One Real Estate Investment, said in an announcement.
One Real Estate Investment has purchased about 4,000 units in the Houston market in the past two years.