Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Houston-Galveston  + Apartments  | 
7C Sees Value of Centrally Located Turtle Pointe

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.

Connect

Inside The Story

Todd Marix

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition