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Transactions - JUNE 30, 2022

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Sentinel acquires 268-unit garden apartment community in Houston submarket

by Denise Moose

Sentinel Real Estate Corp. announced it has acquired The Retreat at Cinco Ranch, a 268-unit garden-style apartment community in the desirable Cinco Ranch submarket of Katy, Texas, just west of Houston. The property represented an opportunity for Sentinel to acquire a high-quality asset in a rapidly growing market supported by strong fundamentals.

Originally constructed in 2008, The Retreat at Cinco Ranch comprises 12 three-story residential buildings consisting of one-, two- and three-bedroom apartments averaging 943 square feet. The first floor of the complex underwent a substantial renovation in 2019, which included the installation of modern appliances and upgraded finishes including new kitchen and bathroom cabinetry, quartz countertops, the addition of tile in kitchen backsplashes and bathroom showers, as well as wood-style flooring in living areas.

“With The Retreat, we recognized a compelling opportunity to acquire a high-quality asset in the beloved Cinco Ran

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