Knightvest Capital, a vertically integrated multifamily investment firm announced the acquisition of Arlo Buffalo Heights apartments in Houston, Texas.
Originally built in 2014, the 318-unit wrap-style community is well positioned in one of Houston’s most desirable urban submarkets and is walkable to some of the city’s most popular restaurants and entertainment venues. Knightvest will implement a comprehensive renovation program to elevate the property to a level that competes with newer construction in the area. Planned improvements include full unit interior upgrades, a relocated leasing center, and extensive amenity enhancements. As part of the renovation efforts, Knightvest has renamed the community to Whitmore.
Houston remains one of the country’s fastest-growing cities, and this momentum will continue to fuel demand for high-quality housing at a discount to new construction in desirable locations like that of the Neartown-River Oaks area.
“With this acquisition, we’re continuing to expand a focused portfolio of well-located assets that are roughly 10 to 20 years old across major Sun Belt markets,” said David Moore, Knightvest founder and CEO. “Our proven experience in the Neartown-River Oaks submarket provides a strong foundation for executing the business plan at Whitmore, and it reflects the kind of opportunity we’re targeting as we continue to execute our strategy for Fund II.”
Knightvest is an industry-leading multifamily investment and management firm known for creating communities of excellence and delivering dependable results that enable investors, employees, and residents to thrive. As a vertically integrated firm, Knightvest specializes in renovating and repositioning multifamily properties. Its unique approach is focused on setting a new standard in design-driven quality, executing with operational efficiency, and leading with a people-first culture. Since its founding in 2007, Knightvest has invested over $10 billion to acquire over 60,000 units across high-growth metro areas in Texas, Arizona, the Carolinas, and Florida to become one of the largest apartment owners in the United States.
