High End Katy Apartment Complex Sold to Real Estate Investors

Olympus Katy Ranch, formerly Echo at Katey Ranch – PR newswire photo

KATY (Covering Katy News) –  Echo at Katy Ranch, a Class-A garden style community built in 2013 and located in Katy has been purchased by Olympus Property of Fort Worth.  It was immediately renamed Olympus Katy Ranch. It is located near the Katy Freeway and the Grand Parkway. The address is 24929 Katy Ranch Rd, Katy, TX 77494

Olympus Katy Ranch is the twelfth purchase in 2018 for Olympus Property which has added almost 4,000 high-quality apartment units to its overall portfolio this year.

“Olympus maintains a longer-term view of the markets. Olympus Katy Ranch is located in a booming submarket of Houston and offers attractive long-term value and upside for our investors and our firm,” said Chase Bennett, Director of Acquisitions at Olympus Property.

Olympus Katy Ranch is a luxury low-density community positioned across 14 acres which offers a 2-story design with direct access garages for 100 of its 260 units. Premier amenities include a resort-style pool with spa, six gas grills, fireside lounge, resident clubroom with TVs, billiards room, 24-hour fitness center with circuit and core training equipment, and a gated bark park. Unit features include gourmet bar kitchen with pendant lighting, granite countertops, brushed nickel plumbing, hardwood-style flooring, private balconies, garden bathtubs, walk-in closets, in-home washer and dryer, and detached garages.

“Olympus Katy Ranch is an ideal addition to our portfolio in our home state of Texas. We believe our purchase basis for the age and location of this property are ideal,” said Anthony Wonderly, Principal at Olympus Property.

 

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