HOUSTON – Florida-based Cardone Capital has purchased the 646-unit The Heights Collection, which consists of two new, Class A multifamily properties.
The 337-unit, eight-story 15th Street Flats at 1414 N. Shepherd Dr. was delivered in 2021. It has one- and two-bedroom floor plans ranging from 638 to 1,273 sf.
Amenities include a rooftop pool, social and business lounges, a private dining room, outdoor living spaces with alfresco dining, outdoor kitchen with a pizza oven, direct-access elevators, and courtyard.
The eight-story Heights Waterworks at 515 W. 20th St. was completed in 2020. It offers 309 units with one- and two-bedroom floor plans ranging from 600 to 1,265 sf.
Berkadia Institutional Solutions has arranged the sale and financing.
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Source: Realty News Report