Publications

Transactions - FEBRUARY 9, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Encore Enterprises sells two multifamily properties for $108.3m

by RELEASED

Encore Enterprises’ multifamily subsidiary closed out fourth quarter 2023 with $108.3 million in sales for two properties, Encore Rise, a 241,909-square-foot, 256-unit, class-A, garden-style apartment community on 12.82 acres in Conroe, Texas, and Encore Metro at Millenia, a 245,378-square-foot, 215-unit, three-story, class-A apartment community in Orlando, Fla.

Situated 40 miles north of Houston in Conroe, Encore Rise was completed in 2022, and is located at 800 N. Farm to Market 3083 W. The apartment community was 95 percent leased at sale and features four three-story residential buildings with one-, two- and three-bedroom units ranging from 619 square feet to 1,323 square feet. The residences feature contemporary interiors, wood-style plank flooring, gourmet kitchens with granite countertops and stainless-steel appliances, full-sized washer and dryers and faux-wood blinds. Onsite amenities include a clubhouse, fitness center, business center, resort-style pool, dog park

Forgot your username or password?