The Praedium Group, an actual property funding agency primarily based in New York, expanded its Houston portfolio with the acquisition of Lenox Grand Crossing, a newly constructed 330-unit residence advanced at 23615 Western Centre Drive in Katy. The property was developed by OHT Companions. Facilities embrace a neighborhood work lounge with personal places of work and a convention room, health heart, lounge with shuffleboard, a pool desk and bar seating, a pet spa, and bundle lockers with chilly storage functionality. New York Life Actual Property Buyers stated it supplied $96 million in loans to Praedium for each the Katy property and a 347-unit advanced in Lewisville close to Dallas.
Merely Self Storage expanded its Texas holdings with the acquisition of a seven-property self-storage portfolio in Houston and a property in Dallas. The Houston space amenities complete practically 620,000 sq. toes, together with 207,000 sq. toes of climate-controlled area, throughout greater than 3,600 items. Phrases and areas weren’t disclosed. Since being acquired by Blackstone Actual Property Earnings Belief final 12 months, Merely Self Storage has grown its portfolio to 80,169 items totaling 11 million sq. toes in 23 states.