Miami investor expands Houston multifamily portfolio
One Real Estate Investment, a Miami-based firm led by Jeronimo Hirschfeld, has expanded its Houston portfolio with another apartment purchase.
The company has acquired the Winding Trails Apartments, a 438-unit complex at 10300 Wilcrest.
Jennifer Campbell of Marcus & Millichap brokered the sale. Anthony L. Morrison of Kapp Morrison also worked on the deal.
Last year Hirschfeld purchased two other properties in the Houston area: Avalon at Royal Oaks, a 436-unit complex at 2310 Crescent Park Drive on the west side, and the Village at Uvalde, a 446-property spanning 41 buildings at 250 Uvalde in east Houston.
The firm, which has amassed a portfolio of more than 5,500 units valued in excess of $500 million, is on track to reach 8,000 units in the third quarter. The local portfolio totals 1,320 units across the three complexes.