The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 8, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Excelsa Properties Venture with Goldcor Capital Partners Acquires 392-Unit TX Asset


Excelsa Properties, in a joint venture with Goldcor Capital Partners, has acquired Bayou Parc at Oak Forest, a 392-unit, multifamily community in Houston, TX. The acquisition comes approximately six months after Excelsa Properties raised $85.6 mil through Excelsa US Real Estate I, LP to acquire value-add multifamily properties in the Southeast and Mid-Atlantic regions of the United States.

Bayou Parc at Oak Forest is located at 4000 Watonga Blvd. The property consists of 36 two-story buildings completed in 1974. The unit mix features studio- to three-bedroom apartments, with floor plans ranging from 480 sf to 1.2k sf.

Common-area amenities include a fitness center, business center, clubhouse, picnic area, playground, pool and two dog parks. The property was 94% occupied as of May.

Excelsa Properties brought 95% of the equity of the transaction and Goldcor Capital partners sourced the opportunity and brought the balance of the equity. The joint venture intends to invest more than $4 mil in property upgrades including improvements to home interiors and all common areas including addition of a second clubhouse.

“Bayou Parc at Oak Forest is a perfect investment for Excelsa as it is located in one of Houston’s rapidly gentrifying and close-in neighborhoods and enjoys great access to the city’s major employment drivers,” said Jon Woods, a Partner at Excelsa. “We are actively looking to acquire value-added mid-size Class B and C workforce multifamily properties.”

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media