Jun 9
SALE
IMAGE: Peter Hungerford, David Kaye & Joe Listhaus
DATE: 06/05/2026
ADDRESS: 5300 West Gulf Bank Road
MARKET: Houston, TX
ASSET TYPE: Multifamily - UNITS: 541
BUYER: Peter Hungerford - PH Realty Capital; David Kaye & Joe Listhaus - Rockledge - Longacre
NOTE: Longacre, the joint venture between PH Realty Capital and Rockledge, acquired the 541-unit distressed Villa Nueva Apartments in Houston in its largest Texas multifamily deal to date, expanding its push into large-scale special-situation housing investments.The firm, which operates across 17 states and manages about $1.5 billion in assets, said it is targeting similarly distressed 200 unit workforce housing properties nationwide, with plans to stabilize operations, complete deferred maintenance, and reposition assets acquired through lender and special-servicer channels.
#Texas #RealEstate #TradedTexas #Houston #Multifamily #PeterHungerford #PHRealtyCapital #DavidKaye #JoeListhaus #Rockledge #Longacre
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