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Texas  + Houston-Galveston  + Apartments  | 
Folio West Sale Reinforces Patrinely’s Initial Interest in Westchase

Folio West Sale Reinforces Patrinely’s Initial Interest in Westchase

A joint venture of Patrinely Group and USAA Real Estate recently sold Folio West, a class-A apartment building located in Houston’s Westchase District at 2525 City West Blvd., to Middle Street Partners. The price was undisclosed. Developed by Patrinely Group and USAA Real Estate in 2017, the building is comprised of 266 units with floorplans ranging from one to three bedrooms built around a center parking structure and courtyard.

“This transaction reinforces our decision over 10 years ago to invest and develop in this submarket,” said Robert Fields, president and CEO of Patrinely Group.

The building’s location in the burgeoning Westchase District puts residents in close proximity to major employers, shopping and dining destinations at nearby CityCentre, The Galleria and other properties.

Dustin Selzer, Matt Kafka and Jett Lucia of JLL served as the listing agent for the transaction.

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Robert Fields

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