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Hanover and real estate investment co. buy Hermann Park apartment tower

bizjournals Thursday, 30 November 2017
Houston-based apartment company Hanover Co. and PGIM Real Estate, part of Prudential Financial Inc.’s businesses, formed a joint venture to buy an apartment tower across from Houston’s Hermann Park.  The JV bought Mosaic at Hermann Park, a 29-story, 396-unit apartment community on 2.35 acres at 5925 Almeda Road, according to a press release. The property also has 20,087 square feet of ground-floor retail space. An adjacent condominium tower was not part of the acquisition, a spokesman confirmed.  Mark…
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Source: Bloomberg Global Business - < > Embed
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