NELSON BROTHERS REAL ESTATE CLOSES ON AWARD WINNING HOUSTON PROPERTY FOR $40 MILLION

Award Winning

Posted By: Pat Nelson / Dec 01 2015
 

Aliso Viejo, Calif. and Houston, Texas – Southern California based Nelson Brothers Professional Real Estate has purchased Vue on MacGregor, a Class “A” student housing property located near the University of Houston campus. The property, built in 2014 was voted “Best Off-Campus Apartment” for 2015 by COOG (the college newspaper).

The property is a 115-unit, 347 bed complex within walking distance to campus offering spacious units, luxury amenities, advanced security and panoramic city views. According to Brian Nelson, co-principal of the company, this offering was a milestone for them since being the largest acquisition to date.

The 120, 638 square feet complex was acquired for $40,871,000 and is fully leased through the 2015-2016 school year. The University of Houston is the third largest university in Texas and a Tier One Research University.

Nelson Brothers Professional Real Estate was launched in 2007 offering individual investor direct ownership interests in institutional quality, professionally managed real estate. The company, founded by brothers Patrick and Brian Nelson, specializes in the acquisition, financing and ownership of real estate investments in the niche areas of student housing and assisted living investments. Nelson Brothers currently manages over $300 million in multi-family housing real estate.

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