Catalyst Equity Partners Purchases Second Property This Quarter in Houston MSA
Dallas-based real estate investment firm, Catalyst Equity Partners, is growing its portfolio in the Houston market with the recent purchase of The Landings at Steeplechase.
HOUSTON, Sept. 27, 2021 /PRNewswire-PRWeb/ -- The Landings at Steeplechase is a 290-unit garden-style apartment community located in northwest Houston adjacent to Jersey Village, a highly desirable residential suburb of Houston.
Its ideal location is less than a mile east of U.S. Highway 290, 2.7 miles from Beltway 8/Sam Houston Tollway, 6.6 miles from Highway 249, 9.4 miles from the I-10/Katy Freeway, and 11.2 miles from Interstate 610 providing residents easy access to the largest employers in the area, as well as short commutes to the largest employment districts in the city. Residents are zoned to schools within the Cypress Fairbanks ISD, which was named #2 Best School District in Harris County according to Niche.com.
Catalyst's Managing Partner, Prashant Satoskar stated, "Approximately 33% of the units have already been upgraded. We plan to invest $2.5M+ in improvements to reposition the property to the best 'Class B' asset in the market while delivering an exceptional resident experience. Our goal is not only to improve the aesthetics of our properties but to create a thriving community for our residents to enjoy."
Catalyst Equity specializes in acquiring properties that require a capital injection to improve the property and making it a place for residents to call home.
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About Catalyst Equity Partners
Catalyst Equity Partners is a Texas-based privately held real estate investment firm focused on the acquisition and management of multifamily properties in high-growth markets. To find out more about Catalyst Equity Partners, please email [email protected] or visit http://www.catequity.com.
Media Contact
Dalia Steer, Catalyst Equity Partners, 1 (972) 399-9466, [email protected]
SOURCE Catalyst Equity Partners
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