Behringer Harvard Acquires Luxury Apartment Community in Uptown Houston

by Houston Agent

Behringer Harvard announced today its acquisition of Uptown Post Oak, a luxurious multifamily asset comprising 392 apartment homes in the prominent Uptown district of Houston. The community is located eight miles west of Houston’s central business district on Post Oak Boulevard, which is the hub of Houston’s second largest office submarket.

The mid-rise community was constructed in 2008 on a 4.4-acre site at 1111 Post Oak Blvd. Residents enjoy superior upscale amenities including a two-level parking garage with direct access to apartment floors; a resort-style club pool for swimming, wading and tanning; a lap pool; and two outdoor plazas with barbecues. Club facilities include a coffee bar; a state-of-the-art athletic club; a demonstration kitchen that hosts cooking classes; an Internet lounge and business center; and an activity room for TV viewing and games.

“The community is located in an affluent submarket with a high concentration of young, well-educated professionals who are attracted to high-quality communities such as Uptown Post Oak,” says Mark T. Alfieri, chief operating officer of Behringer Harvard Multifamily REIT I, Inc.

Uptown Post Oak is surrounded by River Oaks and Tanglewood, two of the most exclusive residential neighborhoods in Houston. Only a short drive away is the 1,400-acre Memorial Park that includes one of the top municipal golf courses in the nation; the 155-acre Houston Arboretum and Nature Center; bike and jogging trails; volleyball courts; picnic areas; tennis courts; and multiple fields for softball, soccer and rugby. The prestigious Houston Country Club and River Oaks Country Club also are both less than two miles away. Within a three-mile radius are 20,000 business establishments anchored in the energy, finance and real estate industries.

Interstates 610 and 10 and Highway 59 are less than two miles from Uptown Post Oak. Commuters also will benefit from construction of the Pink Line of Houston’s Metro Light Rail service, which is slated for completion in 2013.

For more on Behringer Harvard visit: www.BehringerHarvard.com

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