Chicago investment firm snags luxury multifamily property

The Texas Real Estate Research Center has issued the following press release:

HOUSTON – 29th Street Capital has purchased The Highbank, a 284-unit multifamily apartment complex at 8877 Frankway Drive.

The property was built in 2017.

Amenities include a pool, fitness center, clubhouse with a wine lounge and library, and outdoor grilling areas.

Haven Residential, an affiliate of the buyer, will manage the property.