Photo: Adrian Newell / Unsplash. City context; not a photograph of Holly View Apartments. A 324-unit apartment complex in northwest Houston just traded hands, and the price is a useful benchmark for anyone investing in older Sunbelt rentals. Sorrento Property Group, led by founder and CEO Raphael Toledano, sold Holly View Apartments for $31.5 million, according to an announcement Thursday. That works out to about $97,222 per unit. The buyer is Accel Equity Group. Matt Wideman of Newmark represented the…
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Raphael Toledano Sells 324 Houston Apartments for $31.5 Million, About $97,000 a Unit
Raphael Toledano’s Sorrento Property Group sold 324 Houston apartments for $31.5 million. What the price per unit means for older rental property investors.
