Thursday, January 22, 2015

Waterton Associates Enters Houston Market with Acquisition of 320-Unit Apartment Community in Houston, TX


Villas at Hermann Park, Almeda Road, Midtown Neighborhood, Houston, TX

Matt Masinter
CHICAGO, IL – Waterton Associates LLC, a U.S. real estate investor and operator, has entered the Houston market with its acquisition of the Villas at Hermann Park, a 320-unit wrap-style rental community adjacent to Hermann Park and the Texas Medical Center, whose 54 institutions employ approximately 106,000 people, making it the largest collective employer in Houston and the world’s largest medical center.

Located on Almeda Road, just south of Houston’s Midtown neighborhood, the community offers a mix of one-, two- and three-bedroom residences across 12 four-story buildings, as well as two parking garages.

 It is the first property acquired by Waterton in 2015 and expands the firm’s footprint in Texas, where Waterton owns five other apartment communities in Austin and Dallas comprising approximately 1,400 units.

“Fueled by a robust and diversified economy, Houston has led the nation in job recovery since the recession, with employment in the city at an all-time high,” said Matt Masinter, senior vice president of acquisitions at Waterton.

Texas Medical Center
“This job growth has coincided with significant population gains – Houston added 138,000 residents between 2012 and 2013, more than any other metropolitan area in the country – creating strong demand for housing, especially in core, infill locations like the area around the Texas Medical Center.”

For leasing information, call (866) 518-1931 or visit www.villasathermannpark.com

For a complete copy of the company’s news release, please contact:

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

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