DLP Capital and Colony Hills Capital are purchasing Paramount at Kingwood, a 372-unit apartment complex.
Paramount at Kingwood consists of one, two, and three bedrooms, ranging from 650 to 1500 square feet. The property offers residents a variety of amenities, including on-site and covered parking, a swimming pool, a state-of-the-art fitness center, and a business center.
DLP Capital is a private real estate investment and financial services company focused on lending, investment funds, construction management, development, and loan servicing. Colony Hills Capital is a real estate investment company focused on acquiring, owning, and managing properties.
“DLP Capital is committed to positioning capital into the housing market through debt and equity investments, and the state of Texas continues to be a key area of focus for us,” said DLP CEO Don Wenner. “Our goal is to provide housing solutions that are affordable to the local working families of Kingwood and this purchase is a perfect fit. Partnering with Colony Hills Capital, who shares in our mission, is the cherry on top.”