HOUSTON – 37th Parallel Properties Investment Group, a Richmond, VA based multifamily acquisitions and asset manager firm announced today that it has closed on their newest acquisition – Timber Run Apartments.
Timber Run is a 120-unit, multifamily property in Houston, TX located in close proximity to the Port of Houston/Houston Ship Channel, Greens Port Industrial Park and San Jacinto College North. Situated on 4.66 acres the property is performing above market occupancy with ample growth potential after numerous planned upgrades. It includes 5 floor plans with the average unit size of 736. Community amenities include pool and garden lounge, soccer field, business center, and laundry center.
37th Parallel Properties is a privately held multifamily acquisitions and asset management company with $100 million in assets under management throughout Texas and Kentucky.
For more information please visit www.37parallel.com or call at 888.837.3720.