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Civitas Capital makes fourth acquisition in Houston
Transactions - MARCH 17, 2022

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Civitas Capital makes fourth acquisition in Houston

by Released

Civitas Capital Group has acquired Stonebridge at City Park, a 240-unit apartment complex in Houston.

“This is Civitas’ first multifamily acquisition in 2022, and our fourth acquisition in the Houston market in the past year,” said Rootvik Patel, managing director for Civitas, who led the transaction along with colleague Justin Temple. “With the employment growth we've seen in Texas markets like Houston, Dallas–Fort Worth and Austin, coupled with a lack of supply, we think the multifamily space will continue to be a very attractive asset class for us in 2022 and beyond.”

Stonebridge at City Park, built in 2004, sits 15 minutes from downtown Houston. The property is near major demand drivers such as Texas Medical Center, the largest medical center in the world with more than 60 medical institutions, 10 million patient interactions, and more than 100,000 employees.

The Houston MSA, home to 7.1 million residents, has experienced a population boom since

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