A joint venture of L5 Investments and BH Equities has sold Huntington Glen Apartments in southwest Houston after making improvements during its three-year ownership.
Austin-based GVA Real Estate Group purchased the 364-unit complex, which consists of 20 buildings on nearly 10 acres at 12023 Bissonnet near Keegan Road. The property was built in 1982.
"Our partnership completed a strategic value-add capital program immediately after acquiring the asset which included addressing deferred maintenance issues, interior unit upgrades, enhancing landscaping and overall aesthetics, and updating community amenities," L5 Investments founder and managing partner Michael Flaherty said in an announcement.
L5 Real Estate Investments, LLC is a privately held investment firm focused on stable, income producing multi-family opportunities in emerging U.S. markets.