Banyan Residential announced the acquisition of Lofts at the Ballpark, a 375-unit class-A apartment property in downtown Houston, Texas.
The four-story community is located at 610 Saint Emanuel Street one block from Minute Maid Park and BBVA Stadium, and immediately adjacent to light rail access. Lofts represents Banyan's first acquisition in the Houston market, which will bolster the company's presence in Texas alongside development property holdings in Dallas. Banyan Residential closed the transaction in conjunction with Marble Capital as its financial partner.
