main square announced the acquisition of Alta West Alabama, a 304-unit apartment complex at 3623 W. Alabama near River Oaks and Greenway Plaza. Developed by Atlanta-based Wood Partners, Alta West Alabama opened in early 2021. Amenities include a resort-style swimming pool, fitness center, sky lounge with kitchen, coworking spaces, and pet spa. The acquisition was made through Capital Square’s CS1031 Houston Apartments DST subsidiary, which is seeking to raise $56.5 million in equity from investors.
Based in Nashville Healthcare Realty Trust acquired the Pinnacle Professional Building, a 76,781 square foot medical office building at 129 Vision Park Blvd. in Shenandoah for $36.25 million. According to Healthcare Realty, the building is 100 percent leased to a diverse mix of tenants. The seller was Med Men LLC. The acquisition expands Healthcare Realty’s portfolio to 12 medical office buildings totaling more than 783,000 square feet in the Houston market, including eight buildings totaling 516,000 square feet in The Woodlands area.