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Lion Real Estate Group has acquired the Villages of Briar Forest, a 241-unit apartment community in Houston for approximately $29 million, according to Yardi Matrix. The seller was White Oak Partners.

The deal is Lion’s second acquisition in the Houston market and eighth acquisition in its LREG Multifamily Fund III. Thomas Alleman in Newmark’s Houston office brokered the transaction, which was financed by Newmark’s Los Angeles debt team.