Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Baytown Apartments Sell for $41.4M
Hunington Properties has sold The Vic at Southwinds, a 265-unit community in Baytown, Texas, to an undisclosed buyer. The property traded for $41.4 million. Commercial Edge reported in 2019 that the developer inked a fixed-rate $32.2 construction loan originated by Greystone Servicing Corp.
Completed in 2021, Vista at Southwinds consists of eight buildings across a 12-acre site. The community is at 1900 Kilgore Parkway, near Interstate 10 and highways 99 and 146. The property features one-, two- and three-bedroom apartments, with sizes ranging from 617 to 1,371 square feet. Amenities include a swimming pool, lounge area, fitness center, business center, as well as private garages, designated boat and RV parking, two pet parks and barbecue stations. The property will be rebranded Vista at Southwinds.
The apartment community is 32 miles east of downtown Houston.
As of February, rents in Houston had grown 0.1 percent year over year, below the national average of 1.2 percent.
