News Summary
Knightvest Capital has acquired the Arlo Buffalo Heights apartments in Houston, Texas, marking its tenth transaction in Fund II. The 318-unit complex, built in 2014, will be renovated and rebranded as Whitmore, aiming to enhance living standards and compete with newer properties in the area. The acquisition strengthens Knightvest’s presence in the Neartown-River Oaks submarket, which is known for its desirable urban location and growing demand for quality housing.
Houston, Texas – Knightvest Capital Expands Presence with Acquisition of Arlo Buffalo Heights Apartments
Knightvest Capital, a vertically integrated multifamily investment firm, has announced the acquisition of Arlo Buffalo Heights apartments located in Houston, Texas. This acquisition represents the tenth transaction in Knightvest’s Fund II and enhances the company’s foothold in the Neartown-River Oaks submarket, where it already owns and operates multiple communities.
The Arlo Buffalo Heights complex, originally constructed in 2014, consists of 318 units within a wrap-style community. The property is strategically located in one of Houston’s most desirable urban submarkets, offering residents convenient access to many popular restaurants and entertainment venues, making it a sought-after location within the city.
Future Plans for Renovation and Rebranding
Knightvest Capital intends to implement a comprehensive renovation program designed to elevate the property and allow it to compete with newer constructions in the area. Planned improvements include full interior upgrades for all units, relocation of the leasing center, and extensive enhancements to the complex’s amenities. As part of this renovation initiative, the community will also be rebranded as Whitmore.
Strategic Expansion in a Growing Market
David Moore, Knightvest’s founder and CEO, highlights the company’s commitment to expanding its portfolio of well-located assets that are approximately 10 to 20 years old in major Sun Belt markets. The experience Knightvest has gained in the Neartown-River Oaks submarket provides a solid foundation for executing their business plan at the newly acquired Whitmore community. Houston continues to be recognized as one of the fastest-growing cities in the United States, which in turn fuels demand for high-quality housing options at competitive prices relative to new construction.
Impact of the Acquisition
The acquisition of Arlo Buffalo Heights, now known as Whitmore, is indicative of Knightvest’s ongoing strategy for Fund II, showcasing their dedication to enhancing value through property renovations. The improvements undertaken by Knightvest are expected to not only increase the marketability of the property but also elevate the living standards for residents in this thriving urban area.
With the Houston real estate market experiencing significant growth, the timely acquisition and renovation efforts by Knightvest illustrate a proactive approach to meeting the increasing demand for high-quality living spaces in this vibrant city.
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Additional Resources
- Multihousing News: Knightvest Acquires Fort Worth Community
- Google Search: Knightvest Capital Houston
- CoStar: Knightvest Capital Bets on Construction Slowdown with Houston Apartment Acquisition
- Google Scholar: Knightvest Capital
- Yield Pro: Verandas at Cityview
- Encyclopedia Britannica: Real Estate Investment
Author: STAFF HERE HOUSTON TX WRITER
The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
