Civitas Capital Group closes on Cypresswood Apartments

by Emily Marek

Cypresswood Apartments (Civitas Capital Group)

The newly built Cypresswood Apartments in greater Houston has been acquired by Civitas Capital Group.

The three-story building contains 287 units and communal amenities, including a resort-style pool, fitness center, dog park and clubhouse. The multifamily community is located just north of downtown Houston in Spring, Texas.

“It’s a recent build, garden-style property with high-quality construction in a fast-growing market,” said Rootvik Patel, investments director for Civitas. “We expect more acquisitions of this type in the year ahead, as it perfectly aligns with our core multifamily strategy moving forward.”

The off-market sale was closed on Dec. 9.

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