Outside the Region: GAIA Real Estate and Partners completes sale of nine-property portfolio

Houston, TX GAIA Real Estate, together with its partners Menora Mivtachim Insurance and Grand China Fund, completed the sale of five properties–part of a larger, nine building portfolio the company acquired back in 2013 for $245 million.

The properties sold include: The Veranda at Centerfield, Club at Copperleaf, Lighthouse at Willowbrook, Villas at Coronado and Enclave at Mary’s Creek in Pearland.

The financial terms were not disclosed.

They are all located within the North and Northeast sections of the city, and near the Houston Medical Center.

Over the last three years, GAIA sold four other properties from the original nine building portfolio that included: Ranch at City Park, Cyress Commons, Timberlakes at Atascocita and Eagle Crest.

Together, the full portfolio features 2,594 residential rental units.

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