Casa Palmas Apartment Homes
Jan 23, 2011Play investment video
Class C Multifamily Acquisition
DMI partnered with the CONTI Organization to purchase Grayson Falls Apartments, later rebranded and remarketed as Casa Palmas Apartment Homes.
This was a lender-foreclosed 308-unit gated community, having a desirable unit mix of 1, 2 and 3 bedroom apartments, located in Pasadena, TX.
Proven Rental Sub-Market
Casa Palmas is positioned at a high-visibility, high-traffic location, with an average traffic count in excess of 19,000 vehicles per day.
It is less than 5 minutes to East Sam Houston Tollway located and State Highway 255 (Pasadena Freeway).