Skip to main content Skip to footer

Colliers negotiates sale of Woodstone Manor Apartment Homes in Houston

144 unit apartment complex in Houston, Texas

 

Colliers is pleased to announce the sale of Woodstone Manor Apartment Homes located at 10250 Lands End in Houston, Texas.

Bob HeardChip Nash and J. Todd Stewart of Colliers represented the seller in the transaction. The buyer was Gibby's Capital Investments.

 

“The seller along with their property management company, Mosaic Residential, are professionals through and through and it was truly a pleasure representing them,” said Bob Heard, Senior Vice President of Colliers. “The closing of Woodstone Manor couldn’t have gone smoother and that is thanks to Gibby’s Capital Investments and their performance on this transaction. It’s rare to find a team that follows through on everything they say they are going to do; you really can’t ask for more than that.”

 

Woodstone Manor is a 95,000 square foot upscale apartment community, offering 144 units situated outside of Beltway 8, north of Interstate 69, allowing for convenient access to all Houston thoroughfares. The apartment complex is 98% occupied and features thirteen buildings with private patios, 24-hour emergency maintenance, a swimming pool, and securely gated.

 

The property is located in Houston's Alief multifamily submarket. The submarket contains 15,375 units within 65 projects. The occupancy rate for the Alief submarket is currently 93%. The average asking rate in the submarket is $913 per unit.

Woodstone Manor 



Related Experts

Bob Heard

Senior Managing Director, Multifamily Investment Properties

Houston

Bob is a Senior Vice President within Colliers’ Houston office and a director of Multifamily Investment Properties. Bob brings 15 years of real estate experience specializing in capital markets and multifamily investment sales. Over the course his career, Bob has been involved in all aspects of income-producing properties including the management, syndication, rehabilitation, purchase and sale of multifamily developments. Prior to joining Colliers, Bob was a Vice President within JLL Houston’s Capital Markets Multi-Family Investment Group. Prior to JLL, Bob was a Senior Associate with the multi-family investment sales group at Berkadia. Bob is a Licensed Real Estate Broker with a Series 7 License.

View expert

Chip Nash

Senior Managing Director, Multifamily Investment Properties

Houston

Chip Nash joined Colliers Houston in September 2020 and is Senior Vice President and a Director of Multifamily Invest Properties.

Before joining Colliers, Nash was a Managing Director for JLL focusing exclusively on private capital investment sales of multifamily properties for eight years. Previous to JLL, Nash held similar positions at Berkadia, Hendricks and Partners, and Pinnacle International Realty Group. He has negotiated hundreds of transactions encompassing a 25+ year track record in investment sales along with a previous seven years spent in the commercial banking business for a conglomerate of banks owned by Pulte Home Corporation.

View expert

Todd Stewart

Senior Vice President

Houston

Mr. Stewart joined Colliers in September 2020 and is a Senior Vice President and Director of Multifamily Investment Properties. Mr. Stewart has 30 years of experience with investment properties. During the course of his career, Mr. Stewart and his partners have negotiated sales in the amount of approximately $12 billion in more than 500 transactions totaling 150,000 units throughout the United States. He has been ranked one of the top multi-housing specialists in Houston for the past 20 years and has worked with a variety of clients including individuals, private syndicators, pension funds, REITs, S&L’s, insurance companies and banks.

Prior to joining Colliers, Mr. Stewart was a Managing Director at JLL, a Senior Managing Director with HFF (Holliday Fenoglio Fowler, L.P.) and an Executive Vice President of the CBRE Houston Multi-Housing Properties Group. As a member of CBRE’s Major Accounts Group, Mr. Stewart was a top ranking regional and national multi-housing salesperson. He has been ranked as a Houston Business Journal Heavy Hitter and has received the Directors Award. 

View expert