Houston investors purchase Med Center-area apartment complex

By Mike D. Smith | Updated 11:42 am, Friday, January 20, 2017

Ilan Investments has completed its third major acquisition within the past year by closing on a mixed-use development in the Texas Medical Center area. The residential real estate investment company recently closed on the development that includes the 293-unit Domain at Kirby apartments, retail and commercial space along Kirby Drive at Old Spanish Trail.

“We were impressed by this A Class asset location, and are excited to provide service to medical-related employees as well as patients and their families,” Ilan Investments chairman and CEO Charlie Yalamanchili said in a statement

Ilan Investments was founded in 1982. It’s property management arm, Adara Communities, now manages about 17,000 units.

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