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The
Houston Acquisition Program (1988 - 1995): Starting in 1988,
Bergman created a joint venture with one financial partner and
in just three years, assembled a $65,000,000 portfolio in Houston,
Texas (see below), which consisted of 3,500 apartment units
in 10 garden apartment properties, and 300,000 square feet in
two (2) class A office buildings. Bergman functioned as the
General Partner with the responsibility for identifying, acquiring,
and financing the properties and providing the on-going asset
management for the portfolio. In 1995 Bergman sold its general
partnership interests in the portfolio to its financial partner
as part of that partner's program to merge other real estate
assets to create a self-managed public company.
Apartment
Properties
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•THE
FORUM
10222 Forum West Drive, Houston, TX
384 units purchased in 1988 from
New York State Retirement Fund.
•RICHMOND CHASE
8165 Richmond Avenue, Houston, TX
292 units purchased in 1988 from
New York Life Insurance Company.
•SUMMER BREEZE
535 Seminar Drive, Houston, TX
254 units purchased in 1988 from
New York Life Insurance Company.
•NORTHWEST PINES
5801 North Houston-Rosslyn, Houston, TX
354 units purchased in 1988 from
Penn Mutual Life Insurance Company.
•BROOKGREEN
4000 W. 34th Street, Houston, TX
178 units purchased in 1989 from
American Savings Bank.
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•SUNSET POINT
Houston, TX
140 units purchased in 1989 from
Penn Mutual Life Insurance Company.
•WESTMINSTER VILLAGE
9220 Nathaniel Street, Houston, TX
1,066 units purchased in 1990 from
UNUM
•JACKSON SQUARE
400 Flag Lake Drive, Lake Jackson, TX
200 units purchased in 1990 from
New York Life Insurance Company
•OYSTER CREEK
105 Anyway Street, Lake Jackson, TX
201 units purchased in 1990 from
New York Life Insurance Company.
•THE OAKS OF CYPRESS STATION
1000 Cypress Station Drive
294 units purchased in 1991 from
Landsing Diversified Properties |
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Office
Buildings
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•CYPRESS
LAKE
530 Wells Fargo Drive, Houston, TX
3-story, 120,000 square feet Acquired in
1990 from NCNB Texas National Bank
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•NORTHPOINT
CENTRAL
2 Northpoint Drive, Houston, TX
9-story, 180,000 square feet Acquired in
1991 from Collecting Bank, N.A. |
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