Capital Square has acquired Flats at West Alabama, a 304-unit midrise apartment community located in Houston’s most premium neighborhood, River Oaks.
The financial terms were not disclosed; however, the seller was Wood Partners.
“The submarket surrounding Flats at West Alabama has seen incredible growth, with Apartment Data Services reporting 15.5 percent rent growth in the last three months and 19.4 percent rent growth over the last 12 months,” said Ryan Epstein, a managing director on the Walker & Dunlop team that represented the seller. “This property is perfectly poised to capitalize on this growth and has already seen incredible lease-up performance. We were happy to provide support to our valued clients throughout the entire deal process, allowing for a streamlined, one-stop-shop transaction.”
Flats at West Alabama provides residents with an elegant living experience, complete with top-tier finishes and ample common spaces. The community fea
