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Limestone Apartments

Multifamily INVESTMENT

Limestone Apartments

Investment lead:  Doug Burt | dburt@29SC.com

MARKET

Houston, TX

UNITS

438

YEAR BUILT

1999

DATE ACQUIRED

2019
Disposition Year: 2021
SOLD IRR: 38.0% Multiple: 2.3x

INVESTMENT OVERVIEW

29SC purchased Limestone Apartments, its eighth acquisition in the Houston market. 29SC's Strategy was to focus on interior renovations as well as enhancing the common area amenities.