The PPA Group of Austin has purchased another Houston apartment complex, this time in partnership with a private Israeli investment company.

The Citation North Apartment Homes, a 236-unit “Class C” complex at 411 Highland Cross Drive in north Houston, will be renovated and managed by its Clear Property Management affiliate.

“The current economic climate is driving a need for more affordable multifamily housing in Houston,” John A. Latham, chief investment officer of The PPA Group said in an announcement.

 “We’ve been noticing this trend for nearly a year now. It’s no surprise the international community is seeing it, too.”
PPA Group bought the Cypress Ridge Apartments in northwest Houston last year.
Read the article in the Houston Chronicle here: