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Knightvest Capital bets on construction slowdown with Houston apartment acquisition

Market property sale prices are down 45%, but analysts expect a rental rate rebound by 2026

Knightsvest Capital said it purchased the 362-unit San Cierra Apartments "significantly below replacement cost" and will look to compete with newly constructed properties through a series of renovations.  (CoStar)
Knightsvest Capital said it purchased the 362-unit San Cierra Apartments "significantly below replacement cost" and will look to compete with newly constructed properties through a series of renovations. (CoStar)

Multifamily investment firm Knightvest Capital has purchased an apartment complex in Houston as a period of high supply that has held down rents and property values over the past year and a half may be coming to an end.

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