Real estate transactions: Florida investor buys upscale Sugar Land apartment complex

Cardone Capital, a real estate investment firm based in Aventura, Fla., has purchased the Stella at Riverstone, a 351-unit apartment complex at 4711 LJ Parkway in Sugar Land. Ryan Epstein and Jennifer Ray of Berkadia represented the seller, Alliance Residential. The property was built in 2018 and has a 24-hour fitness center, business center, resident lounge, conference room, clubroom and outdoor living area. Units range from one to three bedrooms.

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