PCCP and Alliance Residential Co. Acquire 387-Unit Community in Houston

PCCP and Alliance Residential Co. partner to purchase the 387-unit Heights on Katy in Houston, supported by a $50.2 million loan from Walton Street Capital.

By: AXL Media

Published: Mar 13, 2026, 7:19 AM EDT

Source: https://www.multihousingnews.com/

High-Profile Acquisition in the Katy Freeway Corridor

PCCP, in a strategic partnership with Alliance Residential Co., has successfully acquired Heights on Katy, a premier 387-unit multifamily property. The asset was sold by Disrupt Equity, which had held the property since 2021. This transaction underscores the continued appetite for well-located, stabilized assets in Houston's western submarkets. To facilitate the deal, Walton Street Capital provided a $50.2 million acquisition loan, highlighting lender confidence in the PCCP-Alliance partnership and the long-term fundamentals of the Houston market.

Asset Profile and Resident Lifestyle

Completed in 2004, Heights on Katy is a four-story residential building located at 7105 Old Katy Road. The community occupies a 10-acre site and features a variety of one- and two-bedroom floorplans ranging from 617 to nearly 1,200 square feet.

Unit Interiors: Modern features include private terraces, spacious walk-in closets, and the convenience of in-unit washers and dryers.

Extensive Amenities: The property is designed for high-density lifestyle living, offering two swimming pools, a private conference room, a library, and a fitness center.