DIVESTED, SEPTEMBER 2019

The Boulevard at Deer Park ("The Boulevard") is a multi-family apartment community comprising 216 residential units located in Deer Park, a suburb of greater Houston, Texas. The Boulevard is has 10 buildings on a 12.2 acre site. The property has close access to the Sam Houston Tollway/Beltway 8, Houston's outer loop road providing connections to major highways in the city.

The Class A property was developed in 2000 by its previous owner and has been very well maintained.  It is one of only three Class A communities in its submarket and has averaged a high occupancy level since its initial lease-up.  In the past year, the apartment units have been upgraded with laminate granite countertops, wood plank flooring (first floor units), faux wood blinds, nickel hardware and upgraded lighting.  The property is located within five miles of three of the largest employers in the Port of Houston.

Pure Multi-Family REIT LP

Pure Multi-Family REIT LP was a Canadian-based publically traded REIT LP which offered investors exposure to attractive institutional quality U.S. multi-family real estate assets, from its IPO in January 2012 until its sale in September 2019.

  • Rentable Area (sq ft): 201,804
  • Site Area (acres): 12.2
  • Number of Units: 216