News
Strategic Capital Scored in Texas Real Estate Market
May 6, 2015
On May 6, 2015, Strategic Capital completed the acquisition of Broadstone Post Oak, a luxury apartment community in Houston, Texas, marking the company’s debut in the booming real estate market in Texas.
“From identifying the investment opportunity to closing, the swift acquisition process of this transaction has embodied our real estate strategy on multifamily properties,” said Ning Yuan, chairman and president of CCA and Strategic Capital. “We are extremely pleased to enter into the Texas market through this milestone transaction.”
Developed and built in 2014, Broadstone Post Oak is an exceptional collection of stylish, mid-rise residences in a serene lakeside setting, surrounded by hundreds of world-class dining, shopping and entertainment options. It features 272 units with a total of 232,122 sq ft of net rentable area and 379 garage parking spaces. Its main amenities include a clubhouse, executive business lounge, clubroom with catering kitchen, private island park, full swing golf simulator featuring fifteen courses, two-story 24/7 athletic center, and massage center.
Strategically located in the heart of Houston’s Galleria district with excellent visibility along the highly traveled Post Oak Boulevard, the Class A apartment complex conveniently connects residents to virtually all points of the metro Houston area. With the Galleria district being home to about 83,000 professionals in 28 million sq ft of office space, the property fits the demand of one of the most affluent demographics in the city. Its prime location and lively neighborhood, coupled with beautiful designs and best-in-class amenities, provide the residents with the ultimate lifestyle an urban dweller desires.
With the mission to create value for all stakeholders, Strategic Capital is constantly on the lookout for long-term investment and development opportunities across the Americas. Adding high-quality income-producing assets to its portfolio is in accordance with Strategic Capital’s value investment principle, which will help ensure long-term stability and growth.
