{"id":20200,"date":"2019-01-11T08:15:37","date_gmt":"2019-01-11T08:15:37","guid":{"rendered":"https:\/\/pintailcos.com\/web\/kalkan-real-estate-snags-962-unit-portfolio\/"},"modified":"2019-01-11T08:15:37","modified_gmt":"2019-01-11T08:15:37","slug":"kalkan-real-estate-snags-962-unit-portfolio","status":"publish","type":"post","link":"https:\/\/pintailcos.com\/web\/kalkan-real-estate-snags-962-unit-portfolio\/","title":{"rendered":"Kalkan Real Estate Snags 962-Unit Portfolio"},"content":{"rendered":"Kalkan Real Estate Investment acquired a three-property, 962-unit apartment portfolio in the Greenspoint\/North Belt submarket of Houston. Jerad Rector with Worldwide Commercial negotiated the $51 million sale between the buyer, and seller, BNC Equities.\nThe portfolio consists of:\nTimbers of Cranbrook, 14000 Ella Blvd.\nMonticello on Cranbrook, 13913 Ella Blvd.\nPecan Square Village on Cranbrook, 14531 Ella Blvd.\nRector said the portfolio was 70% occupied upon closing. \u201cIt was the largest apartment portfolio sold in that submarket in several years,\u201d he added.\nThe properties were delivered in the early 1980s, and have undergone extensive renovations. In addition to presenting positive cash flow, there is significant upside from bringing the portfolio to full-occupancy and bringing rents to the current market levels.\nConnect with Worldwide Commercial\nGet CRE News in 150 words \nFor comments, questions or concerns, please contact Amy Sorter\nThe post Kalkan Real Estate Snags 962-Unit Portfolio appeared first on Connect Media.","protected":false},"excerpt":{"rendered":"<p>Kalkan Real Estate Investment acquired a three-property, 962-unit apartment portfolio in the Greenspoint\/North Belt submarket of Houston. Jerad Rector with Worldwide Commercial negotiated the $51 million sale between the buyer, and seller, BNC Equities. The portfolio consists of: Timbers of Cranbrook, 14000 Ella Blvd. Monticello on Cranbrook, 13913 Ella Blvd. Pecan Square Village on Cranbrook, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[108],"tags":[],"class_list":["post-20200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.3 - aioseo.com -->\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"887media\"\/>\n\t<meta name=\"google-site-verification\" content=\"MFbWFkghaMpZAbZ3Qqv_o3sap3nOYArTs4nRWNFi3ig\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/pintailcos.com\/web\/kalkan-real-estate-snags-962-unit-portfolio\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One 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