![]() In May and July of 2015, 37th Parallel Properties expanded its holdings in the thriving Houston, Texas, real estate market with the acquisition of two commercial multifamily properties. The first, located in the Westchase Business district, comprises 96 one-bedroom and 68 two-bedroom apartment units, as well as 18 townhome-style apartments in both single- and two-bedroom floor plans. The community features amenities such as on-site laundry facilities, a swimming pool, and a clubhouse, and is conveniently located near major highways, downtown Houston, and the Galleria shopping and dining complex. 37th Parallel also purchased a 149-unit apartment complex located in the Houston suburb of Deer Park area. Conveniently positioned near several major petrochemical employers, a significant driver of the local economy, the community is one of the few multifamily properties in the area. The property offers 29 one-bedroom townhomes, 80 two-bedroom apartments, and 40 one-bedroom units, and provides residents with an on-site clubhouse, swimming pool, and dog park.
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AuthorAn experienced real estate investor and co-founder of 37th Parallel Properties in Richmond, Virginia, Chad Doty has established himself as a leader in commercial multifamily real estate. Archives
January 2017
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