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Cardone Capital snags Houston Heights apartment pair

​HOUSTON – Florida-based Cardone Capital has purchased the 646-unit The Heights Collection, which consists of two new, Class A multifami​ly 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

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