DLP Capital, a private real estate investment and finance firm, has partnered with Colony Hills Capital to purchase City Park in the Heights, a 308-unit apartment complex located at 1640 E T C Jester Blvd. in Houston. The sales price was not disclosed.
City Park in the Heights comprises one-, two- and three-bedroom units, ranging in size from 626 square feet to 1,395 square feet. The property offers residents a variety of amenities, including onsite parking, an outdoor pool and a workout facility.
The asset is part of DLP Capital efforts of investing in affordable workforce housing sector.
“DLP Capital is planning to deploy $2.6 billion of capital into the housing market through debt and equity investments, and a key focus for us is Texas,” said Don Wenner, founder and CEO of DLP Capital. “Our mission is to provide housing solutions that are affordable to the local working families, and this acquisition fits the bill. Being able to work with a partner such
