Walker & Dunlop, Inc. (WD), a provider of financing services to the owners of commercial real estate, announced on Wednesday that it completed the sale of The Co-Op at the Med Center, a 200-unit, garden-style property located in the heart of the Texas Medical Center in Houston, to EAS Houston LLC. The financial terms of the deal were undisclosed.
Walker & Dunlop's Scott Bray, commented: "Co-Op at the Med Center's ideal location and unique characteristics position it well for future rent growth and value appreciation. The buyer's planned updates are sure to be well-received by existing and prospective residents alike."
Originally built as a hotel, the asset was converted into a multifamily community in 2018 following a significant capital investment into the property.
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