84
HOUSTON — BridgeInvest has provided a $55.5 million in financing to Tara Capital for the acquisition and renovation of Park on Voss, an 810-unit community in Houston. Park on Voss is located at 2424 S. Voss Road in the city’s Westchase neighborhood. The asset comprises 610,950 square feet and offers studio, one- and two-bedroom units. CBRE arranged the loan.
The new owner plans to renovate 610 apartments, as well as upgrade the remaining 200 units, which have already undergone a recent renovation. The loan will also be used to install new appliances and HVAC systems, as well as exterior enhancements such as lighting, landscaping and repairs to elevators, sidewalks and roofing.