Urban Genesis sells converted garden-style property in Texas
Transactions - NOVEMBER 3, 2021

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Urban Genesis sells converted garden-style property in Texas

by Released

Urban Genesis has sold The Co-Op at the Med Center, a 200-unit, garden-style property located in the heart of the Texas Medical Center in Houston. Walker & Dunlop represented the seller.

The sales price was not disclosed.

Originally built as a hotel, the asset was converted into a multifamily community in 2018 following a significant capital investment into the property.

The buyer, EAS Houston LLC, plans to capitalize on The Co-Op at the Med Center’s significant value-add potential with a number of upgrades, including interior unit renovations, upgrades to community amenities, and the addition of a technology package.

The Co-Op at the Med Center is one of the only garden-style multifamily properties in the immediate area, which is surrounded by newer construction, class A communities. The property’s location provides immediate access to the Texas Medical Center, one of Houston’s largest and most consistent employment bases, with more than 106,00

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