LM Consultants, Inc.
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Everything is Bigger in Texas
10/19/2010

The largest Texas multifamily acquisition of the year has taken place in The Woodlands, north of Houston. The 450 unit apartment complex was developed starting in 2005 by a partnership of Cambridge Development Group and USAA Real Estate Company. Kennedy Associates Real Estate Council acted as an advisor to the Multi-Employer Property Trust on the purchase. As a trusted asset on this project, LM Consultants is proud to have provided the Property Evaluation Report and Phase 1 Environmental Site Assessment for the acquisition team.

While the acquisition is a major transaction, the property represents a solid addition to the real estate portfolio due to its numerous awards. Boardwalk at Town Center won the 2008 Multi-Family Executive Award – Low Rise, Best of American Living Award – Best Residential Development up to Four Stories and was a finalist for the 2008 Landmark – Multi Family Award.

More Information can be found via the Press Release available here: http://bit.ly/9VYNhI