REEP Equity and Hashem Holdings have acquired the 128-unit Candleridge Park Apartments in Houston – which is a hotbed for investors, JLL said.
“Houston is one of the hottest markets in the US for multifamily investors,” said JLL senior vice president CW Sheehan. “The rental market remains strong thanks to a thriving energy sector, significant job gains, and population increases which has given way to increased rental rates and returns for investors as vacancies continue to lessen. Candleridge Park’s central location and accessibility to employers provides a fantastic investment opportunity for the new owners.”
