JV Ends 3-Year Hold, Unloads Huntington Glen Apartments

L5 Investments and BH Equities ended its three-year hold on Huntington Glen Apartments, selling the 364-unit property to GVA Real Estate Group. The partnership sold the property at 12023 Bissonnet St. in Houston for an undisclosed amount.

HFF’s Joey Rippel, Chris Young and Connor Phillips represented the seller.

During its tenure, the joint venture fixed deferred maintenance issues, upgraded unit interiors and enhanced the landscape, as well as improved management and operational systems.

Built in 1982, Huntington Glen Apartments is situated on just under 10 acres and includes six two-story buildings, 11 three-story buildings, two laundry buildings and one office/clubhouse. The property features gated access, a business center, custom accent walls, children’s playground and two swimming pools. Unit features include walk-in closets, kitchen pantries, ceiling fans, laundry facilities, patios and balconies.

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