Two apartment complexes in Houston sold

Miami-based One Real Estate Investment has sold two large apartment complexes totaling 882 units in the Houston area to S2 Capital for more than $60 million, the company reported.

The properties consist of Avalon at Royal Oaks, a 436-unit complex at 2310 Crescent Park Drive near Westheimer and Kirkwood in west Houston, and the Village at Uvalde, a 446-unit complex at 250 Uvalde Road in east Houston. One Real Estate Investment previously reported it paid $50.5 million for both properties last year.