Hulic Acquires Multifamily Property in Houston

Hulic has jointly acquired Uptown Post Oak, a multifamily property in Houston, Texas, with Rockport Equity and Kenedix. As part of its overseas business, Hulic has been pursuing investment in needs-based real estate assets in areas where economic growth and population growth are expected, primarily in the United States and Asia.

Uptown Post Oak is a 392-unit multifamily property completed in 2008. The site area is approximately 18,089 sq m (approx. 194,707 sq. ft.), and the rentable area is approximately 35,038 sq m (approx. 377,157 sq. ft.). The property is located in the Galleria/Uptown district, a popular area among professionals due to its proximity to Houston’s upscale retail and office district in the urban core, convenient access to major employment centers and robust retail and entertainment amenities.

Through collaboration with Rockport, which has an extensive track record of value-add initiatives for multifamily properties, Hulic aims to further enhance the asset’s value.

Key Facts

• Property Name:

  Uptown Post Oak

• Buyer:

  Hulic Co., Ltd., Rockport Equity, Kenedix, Inc. (joint acquisition)

• Seller:

  Undisclosed

• Transaction Price:

  Undisclosed

• Address:

  1111 Post Oak Blvd, Houston, TX 77056

• Completion:

  2008

• Area:

  Site Area approx. 18,089 sq m (approx. 194,707 sq. ft.) / Rentable Area approx. 35,038 sq m (approx. 377,157 sq. ft.)

• Number of Units:

  392 units