Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Houston-Galveston  + Apartments  | 
Pensam Buys 504-unit Broadstone New Territory in Sugar Land

Sugar Land’s ‘New Territory’ Multifamily Community Acquired by Pensam

Broadstone New Territory has 504 units. It’s part of the 3,200 acre New Territory master-planned community in Sugar Land.

The apartment complex was completed in two phases, the first completed in 1997 and the second in 2002. Pensam plans to upgrade the kitchen areas and plumbing fixtures as well as the exterior amenities. It currently has outdoor beach volleyball courts, business center, fitness center and a pool with water park features.

Pensam’s Hen Shoval knows there’s work to be done, “Broadstone New Territory is a one-of-a-kind value-add opportunity in one of the most desirable submarkets in Texas. This property presents several unique opportunities for Pensam to both modernize what is already an attractive property and bring improvements to a community that is in proximity to thousands of jobs and millions of square feet of retail, recreation, shopping and dining.”


Inside The Story

Hen Shoval

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • Shadow Park Apartment Homes

    Lake Jackson, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:168
    Cap Rate:5.99
    Average Occupancy:86
    Year Built:1980
    Building Size:119880 Sq ft
    Lot Size:6.14 Acres
    No. of Stories:2
    APN:2115-0126-000, 2115-0009-000
    Zoning Code:2/27/17 CJC
    Opportunity Zone:No
    Price per unit:$76,190
    Learn More
  • Moran Manor

    Rosebud, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Call for offers
    No. of Units:20
    Year Built:1965
    Lot Size:12860 Acres
    Opportunity Zone:No
    Learn More
  • ◦Sale/Acquisition
New call-to-action