The Heights: Paul Layne Acquires Apartments

In Houston, Layne Property Partners, an investment group led by Houston real estate veteran Paul Layne, has purchased another Heights apartment complex.

It’s eighth purchase in the last 12 months for Layne Property Partners, which was launched in 2021.

Layne is the former CEO of the Howard Hughes Corp., the developer of The Woodlands, Summerlin in Las Vegas, and other major developments around the nation. Years ago, Lane started the multifamily division at Howard Hughes Corp.

Paul Layne was a guest on THE RALPH BIVINS PROJECT podcast produced by Ev Konut Proje. To listen to the entire podcast CLICK HERE.

Layne’s investment firm just purchased the 95-unit Timbergrove Heights in the Houston Heights submarket. The project, which has views of White Oak Bayou, is located on 2.8 acres along the hike & bike trails connecting Houston’s park system.

This off-market purchase is part of Layne’s growth strategy to purchase multifamily assets in the Heights and Oak Forest submarkets. Layne said the firm anticipates continued growth through acquisitions in 2022.