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Sign in Sign up for a FREE subscriptionKnightvest Capital acquires multifamily property in Houston
Knightvest Capital has announced the acquisition of San Cierra Apartments located in northwest Houston. The acquisition coincides with the first close of Knightvest’s Fund II, which remains open to new investors through mid-2025 as the company aims to capitalize on discounted opportunities within the multifamily sector. The San Cierra acquisition marks the second asset acquired by the fund, with the third acquisition scheduled for later October.
Originally constructed in 2008 by renowned Houston developer SUEBA, the 362-unit, townhome-style community features spacious floor plans averaging more than 1,300 square feet and a neighborhood-like atmosphere spread across 25 acres. Knightvest plans to enhance the property by upgrading amenities and completing interior renovations that will be of comparable quality and design to new construction. The firm also plans to capitalize on the community’s sizable green space by adding private yards to elevate the resident living experie