Industry NewsRentals

The Retreat at Cypress Station in northwest Houston changes hands

The 296-unit multifamily complex, built in 2004, was purchased for an undisclosed amount
  • The Retreat at Cypress Station, located near Interstate 45 and FM 1960, was recently purchased by GPI Cypress Station LP.
  • The multifamily building features 296 units and is located near a popular area of northwest Houston.
  • On-site amenities include a pool, playground, nearby walking trails, fitness center and parking.

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The Retreat at Cypress Station A multifamily housing complex in Houston recently changed ownership in northwest Houston. The Retreat at Cypress Station at 18200 Westfield Place Dr., near FM 1960 and Interstate 45, was purchased by GPI Cypress Station LP. The community offers a buisness center, fitness center and clubhouse. It also features outdoor amenities as well as a barbecue and picnic area, pool, playground, nearby parks and walking trails. The apartment units each have a washer and dryer, towering ceilings, top-notch appliances, patio/balcony and hardwood floors. All units are accessible with a wheelchair. Apartmets are either one- or two-bedroom units, spanning from 700 square feet to more than 1,140 square feet. “The property is an outstanding value-add opportunity located within a high-visibility area of northwest Houston,”  Will Balthrope of Institutional Property Advisors -- one of the seller representatives -- said in a statement. “Previous ownership ...