Behringer Harvard has acquired Uptown Post Oak, a luxurious multifamily asset comprising 392 apartment homes in the Uptown district of Houston.

The community is located eight miles west of Houston's central business district on Post Oak Boulevard, which is the hub of Houston's second largest office submarket.

"Uptown Post Oak benefits from a coveted location with convenient access to major regional employers, dozens of restaurants and entertainment venues, and world-class shopping offered by The Galleria and Highland Village," says Mark T. Alfieri, chief operating officer of Behringer Harvard Multifamily Reit I. "The community is located in an affluent submarket with a high concentration of young, well-educated professionals who are attracted to high-quality communities such as Uptown Post Oak."

The mid-rise community was constructed in 2008 on a 4.4-acre site at 1111 Post Oak Blvd. Residents enjoy amenities including a two-level parking garage with direct access to apartment floors; a resort-style club pool for swimming, wading and tanning; a lap pool; and two outdoor plazas with barbecues. Club facilities include a coffee bar; a state-of-the-art athletic club; a demonstration kitchen that hosts cooking classes; an internet lounge and business centre; and an activity room for TV viewing and games.

Including this most recent investment, the portfolio of Behringer Harvard Multifamily Reit I includes investments in 29 multifamily communities in 12 states providing a total of 8,286 apartment homes.