Sentinel Real Estate Corp. acquires Houston mid-rise apartment community
Sentinel Real Estate Corp. has acquired Three Thousand Sage, a 324-unit mid-rise apartment community in Houston.
The financial terms and seller were not disclosed.
Three Thousand Sage is located in the Galleria/Uptown submarket of Houston, an affluent area that is often referred to as the city’s second downtown. The property is near the area’s major employment hubs, including the Uptown Houston office submarket, the 11 million-square-foot Greenway Office Park, and Downtown Houston. The hubs are home to hundreds of employers – including 10 of the city’s 26 Fortune 500 companies – representing hundreds of thousands of jobs. Texas Medical Center, the largest medical center in the world with 106,000 direct employees and 72,000 students, is within five miles of the property. Three Thousand Sage is two blocks from the Houston Galleria Mall, the largest mall in Texas, and provides convenient access to Houston airports and a variety of retail, restaurant and entertai