66 unit, Class A multifamily investment complex
Colliers is pleased to announce the sale of White Oak Highline located at 610 Oxford Road in Houston, Texas. The buyer was Greenhouse White Oak. Jim Humphries, J. Todd Stewart, Chip Nash and Bob Heard of Colliers represented the seller, UG Oxford, in the transaction.
“White Oak Highline is a market-leading asset that is truly irreplaceable within the submarket,” said Jim Humphries of Colliers. “This disposition process could not have been better and the interest and pricing reflected the quality of both the product and the location.”
White Oak Highline is a 66 unit Class A apartment community situated in the highly desired Historic Heights along White Oak Drive just north of Interstate 10. The complex was completed in 2021 and features luxury boutique apartment amenities such as high ceilings, stainless steel appliances and high-end interior finishes. The apartment community is currently 100% leased with a waiting list.
The property is located in Houston's Greater Heights multifamily submarket. The submarket contains 10,454 units within 66 projects. The occupancy rate in the submarket is 93% and the average asking monthly rental rate is $1,600.