Jeronimo Hirschfeld, chairman and CEO of Miami-based One Real Estate Investment, today announced the sale of the company’s multifamily portfolio totaling 882 units at Avalon at Royal Oaks and the Village at Uvalde in Houston, Texas for more than $60 million. The properties were acquired by S2 Capital, LLC.
The 41-building rental community, Avalon at Royal Oaks, in Houston located at 2310 Crescent Park Drive, consists of 436 units and offers 413,764 square feet of net rentable area.
The multifamily property, Village at Uvalde, located at 250 Uvalde Road in Houston, offers 446 units in 41 buildings, and features 385,660 square feet of net rentable area.
“One Real Estate continues to be committed to the Houston market. We are always open and ready to welcome new opportunities like these,” stated Hirschfeld.
ARA, A Newmark Company, brokered the deal.
About One Real Estate Investment
Established in 2001, One Real Estate Investment is a privately owned, Miami-based real estate investment company that owns, manages and develops a growing portfolio of multi-family properties, single-family homes, residential high-end buildings, and commercial, and retail properties. With headquarters located on Brickell Avenue, the company embraces all aspects of real estate including acquisition, financing, property management, construction, repositioning, and disposition. One Real Estate has acquired a portfolio of more than 5,500 multi-family residential units in Houston, Texas and in Miami-Dade County, Florida. The portfolio also includes several commercial buildings and a master-planned, seven-acre subdivision in North Florida that is scheduled to be the site of a major retail shopping center. For more information, please visit www.onerealestateinvestment.