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Olympus Acquires Multifamily Property Near Houston

Olympus Property has purchased Echo at Katy Ranch, a garden-style community built in 2013 and located near Houston. Olympus Katy Ranch, the new name of the property, is the twelve acquisition the organization made in 2018, adding around 4,000 apartments to the portfolio.

"Olympus Katy Ranch is located in a booming submarket of Houston and offers attractive long-term value and upside for our investors and our firm," said Chase Bennett, director of acquisitions at Olympus Property.

[caption id="attachment_8423" align="alignleft" width="300"] Olympus Katy Ranch is the twelve acquisition Olympus Property made in 2018.[/caption]

The neighborhood is known for its excellent school district, award-winning residential neighborhoods, and access to numerous major employers within the Energy Corridor. Located only 10 miles from Olympus Katy Ranch, the corridor is the headquarters for numerous national and international energy corporations, healthcare companies, engineering firms, chemical corporations, and financial services companies.

Also, the corridor is the third-largest employment center in Houston with more than 94,000 employees and 300 companies. The ranch offers a luxury, low-density community located on 14 acres. Premier amenities include a resort-style pool with spa, six gas grills, fireside lounge, resident clubroom with TVs, billiards room, 24-hour fitness center with circuit and core-training equipment, and a gated bark park.

 

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