Sunrise Capital, Zane Holdings and Goodegg Investments have acquired Royal Spring, a 351-unit apartment complex located in Spring, Texas. The financial terms were not disclosed.
The investment leads commented, “We are proud to add Royal Spring to our portfolio in Texas. We continue to see strong performance across the state of Texas, including the Houston market — led by population growth, a diverse mix of economic and employment opportunities, and superior quality of life for residents throughout the area.”
“With demand outpacing supply in this market,” they continued, “we have the opportunity through a proven lease-up strategy to optimize the asset and provide quality living in this burgeoning Houston submarket.”
Royal Spring is a newly built 351-unit institutional-quality apartment complex with its final building delivered in May 2021. It is located in the diverse Spring market within a short distance of the soon-to-be
