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7C Sees Value of Centrally Located Turtle Pointe
Turtle Pointe, a 432-unit garden-style multifamily asset located in Houston, recently sold to 7C Equity Group. Rakesh Bansal and Rajib Batabyal are managing principals of 7C Equity group. The price was undisclosed.
Todd Marix, Chris Curry, Jeffrey Skipworth, Joey Rippel, Chris Young and Kyle Whitney of Berkadia Houston, marketed the property on behalf of WRH Realty. Cameron Hart of Berkadia Austin arranged financing for the buyer through Ready Capital.
“Turtle Pointe is ideally located in central Houston between the Galleria/Uptown and Westchase districts,” said Marix. “This highly visible and accessible property offers mostly original interior finishes combined with a class-A amenity package, with below-market rents and tremendous value-add potential.”
Located at 8162 Richmond Ave., Turtle Pointe was built in 1976 and offers studio, one- and two-bedroom floorplans ranging from 576 to 917 square feet.
- ◦Sale/Acquisition
