Venterra Realty has acquired Avasa Spring Branch, a 361-unit multifamily community in Houston. The seller was D.R. Horton, according to Yardi Matrix information. The sale involved a $45 million loan from PNC Bank, the same data provider shows.
Completed in 2023, the property comprises three four-story buildings which incorporate one-, two- and three-bedroom floorplans ranging from 613 to 1,475 square feet. Common-area amenities include a fitness center, two swimming pools, a yoga studio, a pet spa and remote work areas, along with 535 parking space.
Located at 1095 Brittmoore Road, the 10-acre property is near Interstate 10 and Highway 8. It is roughly 16 miles west of downtown Houston and less than 3 miles from the Memorial Hermann Memorial City Medical Center.
Venterra Realty currently owns more than 23,000 units across various southern markets, Yardi Matrix shows, with 23 properties totaling more than 7,400 units in Houston alone. Recently, the company entered the Kansas City market with the purchase of a 456-unit value-add community, completed in 1987.
