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Houston House Apartments is a 31-story apartment complex in the Skyline District of Downtown Houston, Texas, United States. The building, located in the southern portion of Downtown, has 396 apartments. Charles M. Goodman designed the building, which opened in 1966.
In 1981, Richard J. Campo and D. Keith Oden bought the failing Houston condominium business of their employer and reorganized it into a REIT. [3] In 1993, the company became a public company via an initial public offering. [3] In 1997, the company acquired Paragon Group, which owned 17,000 apartment units, in a $615 million transaction. [4] [5]
Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
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