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Moody National Buys 164 Units, Plans Eventual MXU

Houston-based Moody National Cos. acquired the 164-unit Le Renaissance apartments from Texas Pinnacle Apartments. Though Moody National will operate the 1960s-built complex as-is for a short time, the ultimate goal is to develop a mixed-use project with office and retail space.

The property is located at 970 Bunker Hill Rd., just south of Interstate 10. The sales price was not disclosed, though the Harris Central Appraisal District has valued the property at $13.5 million. Seller Texas Pinnacle had owned the property since 1990.

Transwestern’s Ed Cummins and Ryan Mendez represented the seller in the transaction.


Inside The Story

Read More at Houston Business JournalConnect with Transwestern's CumminsConnect with Transwestern's Mendez

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • The Ascent

    San Antonio, TXTexas + Garden Style
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:154
    Average Occupancy:97
    Year Built:1965
    Building Size:102811 Sq ft
    Lot Size:4.88 Acres
    No. of Stories:2
    Opportunity Zone:No
    Learn More
  • The Pointe Apartments

    Lubbock, TXTexas + Apartments
    Listing Status:Available
    No. of Units:90
    Year Built:1973
    Building Size:76167 Sq ft
    No. of Stories:3
    Opportunity Zone:Yes
    Learn More
  • ◦Sale/Acquisition
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