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HOUSTON — Hamilton Point Investments has acquired a portfolio of four properties totaling 1,174 apartments in the Houston metropolitan area. Hamilton Point Investments purchased the portfolio from a Texas-based multifamily developer for $195 million, which represents a cost per unit of $166,100. All four properties were built in 2022.
The portfolio includes:
- Prose Champion in Houston (360 units)
- Prose Copperfield in Houston (361 units)
- Prose Cypress Creek in Cypress (240 units)
- Prose Franz in Katy (213 units)