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

Thrive & Inspire: Alchemy’s Arquella Hargrove ‘Inspired by People Making an Impact in the World’

Thrive & Inspire: Alchemy’s Arquella Hargrove ‘Inspired by People Making an Impact in the World’

Arquella Hargrove, Chief Culture Officer and Owner of the Alchemy Consulting Group

WHAT IS THE secret to running a successful business? The secret to a successful business is a rockstar team. With a rockstar team, clients experience the transformation within their culture. This also is connected to other success factors — a commitment to relentless change, communicating courageously, and collaborating to win. The ultimate goal is to be the change for our clients and to create a culture where team members thrive and grow exponentially.

Keep Reading Show less
food

Októ Joins Mi Luna and Marmo as Hot Spots at Mediterranean-Marvelous Montrose Collective

Paella Valenciana at Mi Luna

THOUGH IT'S BEEN in Houston less than a decade, Sof Hospitality has made major inroads with foodies and critics alike. Its concepts include Doris Metropolitan, Hamsa and Badolina Bakery, all of which deliver the rich flavors of Israeli cuisine in complex, photogenic and delicious dishes. Its newest, Októ, opened earlier this year, one of several energetic restaurants to bow in the Montrose Collective, just in time for the holidays.

Keep Reading Show less
Food
art

Five Fabulously Diverse Exhibits Are Arriving at Museum of Fine Arts Houston

Bill Viola’s ‘Ascension,’ on display as part of ‘Living with the Gods’ at MFAH

THE ARTIST WHO ushered in the expressionist movement in the early 20th century was not, in fact, Picasso or Matisse. It was Paul Gauguin, whose career spanned the decades just preceding the turn of the century. The French painter is the subject of the Museum of Fine Arts’ latest exhibit, Gauguin in the World, which was organized by Henri Loyrette (formerly of the Louvre and the Musée d’Orsay, Paris). The show, just one of the museum’s diverse winter season shows, debuted in Australia in June and will be on display through Feb. 16, 2025, at the MFAH, the only U.S. venue for the survey.

Keep Reading Show less
Art + Entertainment