Stoneweg U.S., a multifamily real estate investment and development firm based in a St. Petersburg, Fla., entered the Houston market with the acquisition of Ashford Apartments, a 312-unit complex at 1200 N. Dairy Ashford in the Energy Corridor. RPM Living will provide property manage services.
Versity Invest, a private investment firm based in Orange County, Calif., acquired The Hayworth, a 246-unit luxury apartment property at 1414 Wood Hollow Drive in the Tanglewood area. Thorofare Capital, an affiliate of investment manager Callodine Group represented by Felix Gutnikov, Edward Prosser, Scott Sumida and Henry Johnson, provided a $48 million long-term loan for the acquisition. Built in 2017, the 92 percent-occupied property has an average unit size of 1,427 square feet and totals 351,002 square feet throughout four, eight-story and three-story buildings. Ryan Epstein of Walker & Dunlop Investment Sales represented the seller, an affiliate of asset manager Transwestern Investment Services. Joshua Perew in Walker & Dunlop’s Englewood Cliffs, N.J. arranged the loan on behalf of the borrower.