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Texas  + Houston-Galveston  + Apartments  |  February 2, 2022
David Cohen
By: David Cohen

Houston Apartments Acquired by 29th Street Capital

Investment firm 29th Street Capital has acquired Villas at Hermann Park, a 320-unit apartment property in downtown Houston. The sales price was not disclosed.

Located at 6301 Almeda Road, the community consists of one-, two- and three-bedroom apartments averaging 1,021 square feet. The seven-building property was constructed in 2000. Amenities include two swimming pools, a fitness center, semi-private entries, vaulted ceilings and above-standard ceiling heights as well as private balconies and microwaves.

The firm plans to implement a value-add program at the property. The seller was reported as Waterton.

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29th Street Capital

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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