AXA IM Alts completes acquisition of a 271-unit multifamily tower in Houston

AXA IM Alts has acquired an apartment asset in Houston through a joint venture with RPM Living, a U.S. multifamily manager and investor.

Known as The Grand at LaCenterra, the complex comprises 271 high-quality rental units, ranging in size from studio to three-bedroom apartments. With lakefront views and access to parking, noteworthy features of the apartments include 10-foot ceiling heights, alongside wooden flooring and private patios or balconies. Constructed in 2016, the property offers a range of on-site amenities and services, including a pool, fitness center, conference center, library, storage lockers and dry-cleaning services.

Strategically located in Katy, Texas, one of Houston’s premier suburbs, and less than 30 miles from the city’s central business district, residents will benefit from its proximity to the LaCenterra at Cinco Lakes shopping center, a 300,000-square-foot regional retail and leisure destination. The suburb continues to attract new reside