HOUSTON — Mosaic Residential, a Houston-based multifamily investment and management firm, has acquired two apartment communities in Humble on Houston’s northeast side. The acquisitions expand Mosaic’s local portfolio and target value-add opportunities in strong suburban rental markets.
CBRE senior vice presidents Clint Duncan and Matt Phillips represented the seller, Gaia Real Estate, in the transaction. The portfolio includes two garden-style, value-add multifamily properties: Eagle Crest and Timberlakes at Atascocita.
Eagle Crest is a two- and three-story garden-style community constructed in 1999. The property totals 168,560 square feet and includes 200 units. Community amenities include a 24-hour fitness center. Eagle Crest is located at 5303 Atascocita Road and offers a mix of floor plans typical for suburban Houston communities of its vintage.
Timberlakes at Atascocita is a larger garden-style community built in 2000 with a total of 310,920 square feet and 312 units. Located at 18551 Timber Forest Drive, Timberlakes features a business center and a fitness center among its resident amenities. Both properties present opportunities for capital improvements and operational enhancements under new ownership.
Gaia Real Estate, based in New York, has been an active investor in the Houston multifamily market in recent years, acquiring multiple assets across the region. With CBRE’s representation, Gaia completed the disposition of this Humble portfolio as part of its broader investment strategy.
The acquisition by Mosaic Residential underscores continued investor interest in suburban Houston rental communities that offer scale, amenity packages, and potential for value creation through targeted upgrades and improved management.