BOSTON, MA — June 24, 2019 — Berkshire Residential Investments announced the purchase of Vargos on the Lake in Houston, Texas, on June 14, 2019. The 276-unit property is located west of the Galleria in the Piney Point Village area of the city.
“Vargos on the Lake gives Berkshire the opportunity to add value to the property and for our property management team members to provide residents with an exceptional living experience,” noted Greg Collins, Vice President of Acquisitions at Berkshire. “The property is centrally located to the Galleria, Westchase, and the Energy Corridor and provides amenities that working professionals expect in their living space,” he continued.
Built in 2015, Vargos on the Lake consists of one and two-bedroom apartments and three-bedroom townhome units with attached garages. Amenities include gas ranges, USB charging outlets, garden-style tubs, private patios and lake views as well as a state-of-the-art fitness center, cyber lounge and one of Houston’s largest dog parks.
About Berkshire Residential Investments
Berkshire Residential Investments is a vertically integrated residential real estate investment and property management company with over 50 years of experience. Berkshire’s team of industry leaders has gained a reputation for being able to identify opportunities and effectively manage through various economic environments, establishing a long-term track record based on thoughtful, leading edge investment strategies, and hands-on development and operational experience. Berkshire, a registered investment advisor, is headquartered in Boston and has offices in Atlanta, New York, Baltimore, Dallas and San Francisco. As of December 31, 2018, Berkshire had approximately $8.2 billion in real estate assets under management. For more information on Berkshire, please visit www.berkshireresi.com.