Trive Capital Real Estate announced its acquisition of Med Main, a 338-unit multifamily property in Houston’s Medical Center submarket. This acquisition was completed in partnership with Aspen Oak Capital Partners, a Dallas-based owner/operator with deep experience in the multifamily market.
Located minutes from the Texas Medical Center, Med Main is a 2020-constructed, class AA community offering incredible access to of the area’s dynamic employment hubs. The property’s highly desirable community amenities include a resort-style pool and outdoor entertainment space, a penthouse level sky lounge, a two-story fitness center, and coworking space. The property also offers direct access to Interstate 610, Houston’s inner loop highway.
“This acquisition is truly representative of our investment approach – a unique opportunity sourced off-the-run alongside a long-standing relationship with a clear path to value-creation. We have a unique opportunity to add value to our investment and the community through hands-on asset management. We are thrilled to partner with Aspen Oak and own this high-quality product in a market with tremendous job growth,” said Troy Daniel, Founding Partner of Trive Capital Real Estate in a statement.
“Trive’s real estate equity strategy focuses on executing with trusted partners on value-add opportunities with strong growth drivers. Med Main is a great fit, aligning well with each component of our overall strategy,” added Conner Searcy, Managing Partner of Trive Capital.
