Balfour Beatty Communities Expands Multifamily Portfolio with Houston Acquisition
Balfour Beatty Communities, a national residential real estate investment and management company, today announced the acquisition of Avanti Cityside, a 378-unit multifamily community located in Houston's highly sought-after Texas Medical Center submarket. The transaction is Balfour Beatty’s third investment in Texas over the last 18 months, following the acquisitions of River Pointe in Conroe, and The Leonard in Denton.
Avanti Cityside sits at the center of one of Houston's most dynamic and resilient employment corridors, offering convenient access to the Texas Medical Center, Downtown Houston, Rice University, Hermann Park, and the Museum District. The community serves a diverse resident base drawn to the area's concentration of healthcare, education, research, and professional employment opportunities.
Constructed in 2007, the community features 378 apartment homes with a mix of one-, two-, and three-bedroom floor plans and more than 362,000 square feet of rentable residential space. Residents enjoy a range of amenities, including two swimming pools, a fitness center, clubhouse, business facilities, controlled-access entry, and landscaped outdoor gathering spaces.
