KATY, TX – The nation’s first-to-open Prose-branded multifamily property, Prose West Cypress marks a significant and much-needed development for residents of the Katy/Cypress area.
In response to a growing need for cost-efficient rental housing, Alliance Residential has just introduced the Prose-branded apartment brand to its portfolio. Prose truly is a tale waiting to be lived.
Offering a selection of one- and two-bedroom apartment homes, Prose West Cypress is designed, outfitted and priced to align closely with the needs and tastes of local professionals, including those working in west Houston’s growing and essential education and healthcare industries. This is especially right as Katy takes on a “second medical center” role within the greater metropolitan area.
Interior highlights at Prose West Cypress include island kitchens, wood plank style flooring and granite countertops. Community amenities feature a fitness center, game room and playground.
Alliance Residential has built on its momentum of delivering quality multifamily communities in west Houston with the opening of Prose West Cypress, following in the footsteps of the company’s newly constructed Broadstone Market Station and Opal Barker Cypress (formerly Broadstone Barker Cypress).
This is promising for Katy and Cypress-area residents seeking solid, reliably built, lifestyle-accommodating apartments, conveniently located near the Energy Corridor District and minutes from I-10 and the Grand Parkway — two of Houston’s largest highways. The community is home to the well-regarded Cypress-Fairbanks Independent School District. Lone Star College is nearby, while Houston Community College – Katy Campus is just 10 minutes south of the community.
The novelty of the Prose concept is sure to excite and attract local renters who have been waiting for this type of apartment community to become available in Katy. At its core, living at Prose West Cypress offers an “everything you need in a home” option for individuals and families tied to, and firmly invested, in Houston’s local working culture.

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LOS ANGELES, CA – Walker & Dunlop, Inc. announced that it completed the sale of Argyle & Harvard Apartments, a two-property, 98-unit value-add portfolio. Situated in the Hollywood submarket of Los Angeles, California the unofficial global headquarters for the entertainment and media industry, the multifamily communities offer immediate access to Hollywood’s expanding corporate footprint and growing job base.
It is estimated that over 566,000 jobs exist throughout neighboring submarkets, which include notable employers such as Netflix, HBO, Viacom CBS, and Showtime, as well as rapidly growing digital media startups.
Built in 1970 and 1955 respectively, Argyle & Harvard Apartments presents new ownership with the opportunity to significantly increase rental income. Enhancing finishes in the 21 lightly-renovated units, as well as fully renovating the 77 units that are in original condition, could result in an nearly 44 percent increase in rents.
Walker & Dunlop’s Blake Rogers, Alexandra Caniglia, Hunter Combs, Javier Rivera, and Kevin Sheehan represented the seller and facilitated the sale of the portfolio.
The transaction is one of just seven multifamily property sales with 50+ units in the City of Los Angeles since the Covid-19 pandemic started; this represents more than a 50 percent decrease in transaction volume compared to the past several years1.
The Southern California Walker & Dunlop team has closed more than $325,000,000 in multifamily sales transactions over the past 30 days. Nationally, the Walker & Dunlop investment sales platform has also achieved dramatic growth with over $4 billion in sales volume completed through 3Q 2020 in the face of the pandemic.

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RICHMOND, VA – McCann Realty Partners and its joint venture partner, LEM Capital L.P., announced the acquisition of Courthouse Green Townhomes, a 266-home community in Chesterfield, VA within the Richmond MSA. Built between 1972 and 1974, the townhome-style apartment community offers spacious direct-entry townhome floorplans and high-quality amenities, including a swimming pool, fitness center, playground, and picnic facilities, all situated in a low-density setting on over 21 acres. Located at 6417 Statute St., Courthouse Green is located in close proximity to Route 10 / Ironbridge Road. The completion of Route 288 has helped drive population and commercial growth in this part of Chesterfield County. The property benefits from its proximity to the Chesterfield County government offices and fantastic connectivity to major employment hubs throughout the MSA. The property will be managed by Atlanta-based Pegasus Residential.
The joint venture will invest capital to upgrade the exterior finishes, interiors, and amenities. Unit upgrades will include new appliances, washer and dryer installation, flooring upgrades and granite countertops in select units. Amenities should be enhanced through the renovation of the clubhouse and fitness center and the addition of outdoor entertainment and seating areas featuring grilling stations.
“Our team is ready to get started,” said Thomas Upson, Managing Director at McCann. “The residents of Courthouse Green should benefit from the amenity enhancements and other improvements that we make at the property.”
“We are excited to buy another asset in the Richmond market,” said Matt Akin, President of McCann. “Courthouse Green fits our value-add strategy to significantly improve the overall positioning of the property and enhance the living experience of our residents. We are pleased to work with LEM again on this transaction and look forward to continuing our partnership with them.”

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