Home 5 Company 5 JV Buys 128-Unit Houston Community for $11M

JV Buys 128-Unit Houston Community for $11M

REEP Equities, in a partnership with Hashem Holdings, has acquired Candleridge Park Apartments, a 128-unit community in Houston for $10.6 million, according to Yardi Matrix. JLL secured a $7.9 million Fannie Mae loan, for the acquisition of the property, on behalf of the borrowers. HM Equity sold the community, however, will continue to manage it, Yardi Matrix data shows.

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