GoldOller Picks North Houston Luxury Community for First Texas Buy
- Jan 16, 2015
GoldOller Real Estate Investments, a Philadelphia-based owner and operator of apartment communities, recently entered the Texas market with the acquisition of the Trails at Dominion Park for $52.5 million. The 843-unit, luxury apartment complex is located on a 50-acre tract in North Houston, along the I-45 corridor.
“Now that we are here, we intend to continue our expansion in Texas as part of our growth strategy in 2015,” said Chairman Richard Oller in a company statement. “The Trails at Dominion Park rings all the bells of what we look for in an acquisition. It is a beautiful property, priced right, 95 percent occupied and in the path of Houston’s growing employment centers. We are thrilled to be a part of the Houston growth story and very excited to bring our unique GoldOller management experience to the residents of the Trails at Dominion Park.”
Residents of the Trails at Dominion Park have access to five resort-style pools, heated spas, a fitness center, tennis courts, a sand volleyball area and a dog park. The community features one-, two- and three-bedroom apartments, with floor plans that range in size from 600 to 1,500 square feet. Apartment amenities include washer/dryer connections, balconies, patios, fireplaces and vaulted ceilings.