HOUSTON – Los Angeles-based Pacific Oak Capital Advisors has acquired 42 area single-family homes for $6.45 million.
Pacific Oak paid $153,000 per property on average. The new owner will convert the homes into rental properties and charge about $1,300 per month to rent each home.
The majority of homes are in Baytown, Missouri City, Pasadena, and Texas City.
The Texas Real Estate Research Center has more information on housing: