Villas at Hermann Park Marks 29SC’s 15th Houston Acquisition
Privately held real estate investment firm 29th Street Capital (29SC) recently acquired Villas at Hermann Park for an undisclosed purchase price. This marks the firm’s 15th acquisition in the Houston metro area.
Built in 2000, Villas at Hermann Park is a 320-unit class-A property with an improvement plan that includes common area upgrades along with smart locks and thermostats in all residential units.
29SC’s in-house property management company, Haven Residential, will oversee management and leasing.
“Villas at Hermann Park is the prime location for a Houston resident who wants to be a short commute to the biggest employers and public parks in Houston,” said Doug Burt, vice president of acquisitions in Houston for 29SC. “The ability to combine luxury living and convenience is truly unmatched.”
The property is approximately 1 mile from the TMC Transit center and the Texas Medical Center. The Villas offers an on-site stop for the Texas Medical Center shuttle. The community is adjacent to Hermann Park, a 445-acre cultural and recreational hub.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.