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Sunrise Capital, Zane Holdings Acquire Royal Sienna Apartments
Sunrise Capital and Zane Holdings announced the joint acquisition of Royal Sienna Apartments in Missouri City, TX. The teams are led by David Davidenko and Julia Bykhovskaia at Sunrise Capital and Iqbal (Ike) Mutabanna and Dustin Howard at Zane Holdings.
“We continue to target strong Houston submarkets because they offer our residents high quality of life, excellent schools, and fast and convenient access to major employment centers as well as recreational opportunities and retail services,” say the investment leads. “With booming population and demand outpacing supply in this market, we have the opportunity to optimize the operations of the asset and provide quality living in this burgeoning Houston submarket. Royal Sienna has been performing very well since the start of lease-up and we are looking forward to the continued success of this asset going forward.”
Thomas Alleman, Jonathan Powell, David Mitchell and Zach Springer of Newmark brokered the transaction.
- ◦Sale/Acquisition
