real estate

Houston Apartment Titan Marvy Finger Sells Large Portfolio of Properties for $2 Billion

Houston Apartment Titan Marvy Finger Sells Large Portfolio of Properties for $2 Billion

For the first time since he started his company in 1958, Marvy Finger has sold off a big piece of it.

DEVELOPMENT TYCOON MARVY Finger of Houston has sold off a chunk of his apartment empire for $2 billion, a rep for his Finger Companies said.

"The leading independent multifamily development and management company today announced it has sold a portfolio comprised of more than 20 garden and mid-rise assets from its national holdings to a venture led by Greystar in a transaction valued at $2 billion," said the rep. "As part of the transaction, the new venture agreed to retain all of Finger's on-site employees.

"Marvy has been building and managing multifamily projects across the United States since 1958, retaining ownership of nearly every apartment development all the while, giving this announcement particular weight," he added.

Finger will retain many of his large complexes, which have become known for their innovative architecture and posh amenities, using proceeds from the sales to expand with new developments, the company said. "This is a major step towards achieving our goal of maintaining a certain level of excellence for which we are known," said Finger in a statement. "We are perfectly positioned to do exciting new projects that will propel the company far into the future."

Related Articles Around the Web
Home + Real Estate
promoted

Pelican Builders Welcome Residents To First New Upper Kirby Condo Offering In Years; Boutique Midrise Adds To Pedestrian Appeal Of Sought-After, Inner Loop Neighborhood

Pelican Builders Welcome Residents To First New Upper Kirby Condo Offering In Years; Boutique Midrise Adds To Pedestrian Appeal Of Sought-After, Inner Loop Neighborhood

WITH ITS INAUGURAL set of residents newly moved in, Pelican Builders’ mid-rise condominium Westmore at 2323 W Main Street in Upper Kirby is already seeing the blossoming of a tight-knit community. Designed by Houston-based Mirador Group the Westmore is the first new condominium product to be introduced to the in-demand, inner loop neighborhood in more than three years. And with remaining two-bedroom homes starting at $895,000, it’s a remarkable value for this increasingly pricey area, where condos can easily climb to several million dollars and more.

Keep Reading Show less
Home + Real Estate
food

Free Ramen?! Jinya Ramen Bar Opens 70th Location with Oodles of Noodles

JUST IN TIME for the Lunar New Year on Wednesday, Jinya Ramen is opening its 70th (!) location in Pearland. Known for its thick, rich broth and flavorful noodles — thanks to the specialized water used to prepare its broth and the aging process its noodles undergo — Jinya also touts a wide array of authentic toppings, from tender pork chashu to shrimp wonton.

Keep Reading Show less
dining

Dine Out and Give Back: Three Delicious Ways to Make Your Meals Count this Month

Duck N Bao's bento boxes are part of Dine Out Rice Village

HOUSTON'S EVER-GENEROUS restaurant scene is already at it in 2025. Here are three ways foodies can dig in, raise a glass, and support important causes in January.

Keep Reading Show less
Food