HOUSTON – Hilltop Residential, a Houston-based multifamily real estate investment company, has acquired a 291-unit apartment property located in Katy, Texas. Grand Reserve is a class A- property that was built in 2013 and offers residents an array of high-quality common area and unit amenities in an excellent Houston suburb location.
“We are excited about buying a newer property that we will add value to” said Greg Finch, president of Hilltop Residential. “The property’s amenities will be further upgraded to serve the community. We will also implement our management platform, focusing on customer service and cost controls, so that the property will excel in its market.”
Hilltop Residential was formed in 2017 to acquire and renovate multi-family real estate assets that have strong market potential in Texas and the southern United States. Since opening its doors for business a little over 2 years ago, the company has purchased over 4,000 apartment units across the state of Texas. Target properties are well located, built in 1995 or later, and can be repositioned to maximize returns for investors.
About Hilltop Residential
Headquartered in Houston, Hilltop Residential provides investors with tax-deferred income and capital appreciation by acquiring and renovating multi-family properties located in the southern United States. Hilltop invests in cities and neighborhoods with strong demographics and positive employment growth. For more information, visit www.livehilltop.com.