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Casoro’s Dispositions Redirect Capital to Knowledge Worker Market Sector
Casoro Group recently disposed of three multifamily properties totaling 692 units. Strategic Realty Holdings, a California-based investment firm, acquired the class-B garden-style apartment properties for $34.3 million.
Two of the complexes are located in the Houston area and include the 252-unit Cypress Ridge Apartments at 2331 Bammelwood Dr. and the 236-unit Highland Cross Apartments at 411 Highland Cross Dr. Both properties were originally constructed in 1980 and received significant upgrades from Casoro Group.
The third property was the 204-unit 5Fifty Apartments, a class-B garden-style multifamily complex located at 550 Heimer Rd. in the San Antonio area.
The sales represent Casoro Group’s latest investment strategy to redirect capital to properties focused on the knowledge worker market sector.
- ◦Sale/Acquisition
