GAIA Real Estate has closed the acquisition of Virage on Memorial, a 372-unit class A apartment project in Houston.

This marks the third such purchase for GAIA’s fully discretionary REIT, following the acquisition of class A assets in Orlando and Nashville.

GAIA Real Estate acquired the Virage on Memorial, a 372-unit Class A apartment project in Houston. The purchase price was reported to be $83 million. This marks the third purchase for GAIA’s fully discretionary REIT, following the acquisition of Class A assets in Orlando and Nashville.

HOUSTON — New York City-based GAIA REIT has purchased Virage on Memorial, a 372-unit apartment community located about three miles west of downtown Houston. Built in 2014, the property offers one-, two- and three-bedroom units that range in size from 697 to 1,658 square feet.

REBusiness Online GAIA REIT has bought the 372-unit Virage on Memorial apartment property in Houston. Newmark brokered the deal for the seller, which was not identified. The purchase price also...

Stream Realty Partners announced the groundbreaking of Patriot Business Park, an industrial development at 10326, 10328 and 10330 Veterans Memorial Drive in the North Houston submarket.