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Nitya Capital Exits Houston Multi-Family Portfolio

Man found shot to death in parking lot of SE Houston apartment complex

Houston police are looking for tips to solve this case. Author: Chloe Alexander Updated: 12:34 PM CST January 29, 2021 HOUSTON Houston police are looking for the suspect responsible for shooting and killing a man Thursday at an apartment complex in southeast Houston.  This happened at about 8 p.m. at the Del Mar Apartments in the 10900 block of the Gulf Freeway.  Police said the 33-year-old victim suffered at least one gunshot wound to the chest and died on scene.  Witnesses reported they heard gunshots in the area and saw the man running through the parking lot before he was found dead.  Police have identified the man as a resident at the apartment complex, but the motive for the shooting is unknown.  

Investors Capital Group Pays $48M for Phoenix Asset

Investors Capital Group Pays $48M for Phoenix Asset Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz. Jan202021 Painted Trails Investors Capital Group has acquired Painted Trails, a 196-unit community in Gilbert, Ariz. from RK Properties for $48.3 million, Yardi Matrix data shows. Berkadia backed the deal with a $31.4 million, 10-year Freddie Mac acquisition loan, according to public records. The seller picked up the asset from Wasatch Premier Communities for $25.8 million in 2013. In early 2020, RK Properties closed on the disposition of two other Class A assets in the Phoenix area. The 144-unit Del Mar Apartments changed hands for $27 million, while the 160-unit Azure Creek at Tatum Ranch in Cave Creek, Ariz. traded for $36.3 million.

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