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."

Home + Real Estate

IN THE SEVENTH annual portfolio, meet luminaries from all walks of life who have helped make Houston — and beyond — a better place. Sponsored by Valobra Master Jewelers

Keep Reading Show less
People + Places

SINCE OPENING IN 2019, it’s been hard to get a reservation at Traveler’s Table, the global-cuisine eatery on Westheimer. Now, a more accessible version of the popular resto — yet, still stylish and modern with environs designed by Gin Braverman — is opening this week on Montrose Boulevard at West Gray.

Keep Reading Show less
Food