{"id":6529,"date":"2016-05-18T07:03:04","date_gmt":"2016-05-18T11:03:04","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=6529"},"modified":"2016-05-18T07:03:04","modified_gmt":"2016-05-18T11:03:04","slug":"houston-real-estate-firm-buys-memorial-area-apartments-to-develop-mixed-use-project","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/houston-real-estate-firm-buys-memorial-area-apartments-to-develop-mixed-use-project\/","title":{"rendered":"Houston real estate firm buys Memorial-area apartments to develop mixed-use project"},"content":{"rendered":"

May 17, 2016, 8:08am CDT | Houston Business Journal<\/strong><\/p>\n

A Houston-based real estate investment firm bought a multifamily property in the Memorial City area with plans to eventually develop a mixed-use project on the site.<\/p>\n

Moody National Cos. bought the 164-unit Le Renaissance apartment community from Texas Pinnacle Apartments for an undisclosed price, according toTranswestern\u2019s<\/a> Houston multifamily investment services group. The property is at 970 Bunker Hill Road, just south of Interstate 10 and east of Memorial City Mall.<\/p>\n

Moody National will operate the property as-is in the short term, but the company eventually plans to redevelop the site into a mixed-use office and retail project.<\/p>\n

Transwestern Managing Director Ed Cummins<\/a> and Senior Associate Ryan Mendez<\/a> represented the seller.<\/p>\n

Article Located Here<\/a><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

May 17, 2016, 8:08am CDT | Houston Business Journal A Houston-based real estate investment firm bought a multifamily property in the Memorial City area with plans to eventually develop a … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":5334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2739],"tags":[],"class_list":["post-6529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-nontraded-reit"],"acf":[],"yoast_head":"\nHouston real estate firm buys Memorial-area apartments to develop mixed-use project - Blue Vault<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/houston-real-estate-firm-buys-memorial-area-apartments-to-develop-mixed-use-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Houston real estate firm buys Memorial-area apartments to develop mixed-use project - 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