Insights & News
WEG Capital sells investment building in USA
Since May 2019, Weg Capital participated in Real Estate Development in Houston, Texas, together with OHT Partners, a U.S. real estate development firm.
On May 3, 2022, The Praedium Group (Praedium), a US real estate investment firm, announced the acquisition of Lenox Clear Lake, a newly developed 380-unit suburban multifamily property in Houston, TX, from OHT Partners.
Completed in 2021, Lenox Clear Lake features traditional flats and two-story townhome units that boast modern gourmet kitchens, stainless steel appliances, granite countertops, vinyl plank flooring, full-sized washer and dryers, tile backsplashes, walk-in closets, undermount sinks, USB outlets in kitchens, LED lighting, and ceiling fans in living areas and all bedrooms.
The best-in-class amenity set at the Property includes two resort style pools with cold spas and sundecks, eight poolside cabanas with flat screen TVs and ceiling fans, a poolside pavilion with outdoor kitchen with built-in gas grills, ice maker and smoker, outdoor fireplace, two enclosed dog parks, covered boat or car storage and access to a private jogging trail adjacent to Bay Area Hike and Bike Trail. Additional amenities also include an indoor modern clubhouse and leasing office, co-working business center with private workspaces, fitness center with fitness-on-demand and outdoor fitness and yoga space, recreational lounge with a pool table, arcade games and bar seating, a pet spa, and package lockers with cold storage capability.
We invite you to read the news of this sale at:https://praediumgroup.com/news/praedium-group-acquires-lenox-clear-lake-houston-tx/