July 17, 2017
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Gaia Real Estate, and overseas partners Menora Mivtachim Insurance and Grand China Fund, sold two apartment complexes in Humble, TX, in Houston’s far north market. The 312-unit Timberlakes at Atascocita and the 200-unit Eagle Crest are part of Gaia’s nine-property, 2,594-unit portfolio that spans the Houston metro. The sales price was undisclosed.
The buyer was Mosaic Residential of Houston. Clint Duncan and Matt Phillips with CBRE represented the seller.
Timberlakes at Atascocita, at 18551 Timber Forest Dr. delivered in 2000. The property, valued at $22.9 million, offers one, two and three-bedroom units, ranging from 780 to 1,220 square feet. Amenities include a fitness center, pool, club house, and private, detached garages.
Eagle Crest, at 5303 Atascocita Rd., is valued at $14 million. The property offers one and two-bedroom units, measuring 656 to 1,054 square feet. Amenities include a club house, fitness center and pool.
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