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Price Realty Acquires The Wildwood Apartments

Price Realty Acquires The Wildwood Apartments

On September 8th, 2023 Price Realty acquired The Wildwood Apartments, a 300-unit, newly developed, institutional, Class A multi-housing community located in the Houston suburb of Richmond, Texas.

Built in 2022, The Wildwood features one- and two-bedroom units with wood-style flooring, open-concept floorplans, stainless steel appliances, natural stone countertops, private yard and patios and spacious closets. Community amenities include a conservatory, dog parks with observation pavilion, private attached and detached garages and carports, gated entry, secure package lockers and package room, a club house with library and kitchen, a resort-style swimming pool and a 24-hour fitness center. The Wildwood is located within the highly amenitized Veranda master-planned community, which provides residents access to a yoga lawn, playgrounds and hike and bike trails.

Situated 24500 Wildwood Park Road., The Wildwood provides easy access to both Highway 59 and the Grand Parkway, allowing residents efficient connectivity to the rest of the Houston MSA. This includes many employment hubs, medical resources and entertainment/dining establishments throughout Katy, Sugar Land and Richmond. Richmond’s prime location is just 30 miles southwest of downtown Houston.

OakBend Medical Center and UT Health, as well as Brazos Town Center North and South are located within one mile of the property.

The JLL Capital Markets Investment Sales Advisory team is led by Managing Director Dustin Selzer. Senior Managing Director John Brownlee led the JLL Capital Markets Debt Advisory team. JLL worked on behalf of Price Realty to secure the seven-year loan through New York Life Investment Management, LLC.

“Price Realty is excited to add our most recent acquisition of The Wildwood, a best-in-class asset in the Richmond submarket, to our Houston portfolio.  Growth in the Richmond area will continue to benefit long-term from both the accessibility to multiple Houston employment hubs and the activity in the neighboring towns of Katy/Cinco Ranch and Sugarland.  Price will look to continue to expand its Class A portfolio in the Houston market, thanks to our strong existing Houston portfolio and all-star team,” said Michael Ochstein, President of Price Realty Corporation.

Price Realty currently owns and operates nearly 5,500 units throughout the Austin, Dallas-Fort Worth and Houston MSAs. Price’s Houston portfolio is comprised of 5 class-A properties totaling over 1,600 units.

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Michael Ochstein

President and Owner

Mike oversees all investment and management operations for Price Realty Corporation (PRC), which he founded in 1991. Since the acquisition of his first duplex, Mike has grown PRC to over 7,000 multifamily units and from one employee to over 150 employees. Since 1992, he has successfully closed numerous private syndications as well as institutional joint ventures, raising and investing over $160 million in equity.

Throughout PRC’s history, the firm has cultivated a loyal base of private investor relationships resulting in repeat investments in all PRC syndications. Mike also invests personally in each acquisition.

Mike began his extensive real estate career in 1983 at Marcus & Millichap, an investment brokerage firm. Specializing in the sale of multifamily properties, Mike gained recognition in the firm as one of their top agents locally and nationally.

Mike holds a Bachelor of Sciences degree from Indiana University. Professional organizations include: National Multifamily Housing Council, National Apartment Association, Texas Apartment Association, Apartment Association of Greater Dallas, Texas Real Estate Commission, The Real Estate Council.

Renee Blustein

Vice President of PRC and President of Price Realty Management Corporation

Renee joined Price Realty Corporation (PRC) in 1995 and is responsible for all aspects of property operations including financial performance, asset management, marketing, acquisition due diligence, property repositioning and value maximization, and human resources.

Prior to joining PRC, Renee served as Vice President of Monterrey Management, where she oversaw the operations of over 4,000 units in the Dallas/Fort Worth and Houston markets. She also served as Vice President of Murray Management Corporation, where she supervised the operations of 3,500 units throughout the southwest United States.

Renee attended Memphis State University and received her Certified Property Manager designation from the Institute of Real Estate Management in 1987. Professional organizations include: National Multi Housing Council, National Apartment Association, Texas Apartment Association, Apartment Association of Greater Dallas, National Association of Realtors, Texas Real Estate Commission

Randy Tuttle

Chief Financial Officer

Randy joined Price Realty Corporation (PRC) in 2001 and is responsible for all aspects of financial reporting to lenders and equity partners, as well as federal and state income tax compliance reporting.

Prior to joining PRC, Randy was a shareholder with Philip Vogel & Company, a large public accounting firm in Dallas, Texas. Randy spent a large part of his 18-year career in public accounting providing financial reporting, tax compliance and consulting services to a wide range of clients in the real estate industry.

Randy is a graduate of Iowa State University and a licensed CPA in Texas. Professional organizations include: American Institute of Certified Public Accountants, Texas Society of Certified Public Accountants.

Nick Ross

Director of Acquisitions

Nick Ross is Price Realty Corporation’s Director of Acquisitions and is responsible for investment strategy, sourcing and underwriting acquisitions, market analysis, and developing debt and equity relationships.

Prior to joining PRC, Nick held roles at firms including JCR Capital, Related Companies, and The Milestone Group where he was responsible for sourcing, underwriting, and structuring real estate investment opportunities and asset management of multifamily portfolios.

Nick is a graduate of the University of North Texas. Professional organizations include: National Multifamily Housing Council, Urban Land Institute, and The Real Estate Council.

Ty Middlebrooks


Ty Middlebrooks is part of Price Realty Corporations investments team, where he oversees the sourcing and underwriting of acquisitions, conducts market analyses, and develops investment strategies. His responsibilities also extend to cultivating both debt and equity relationships.

Before joining PRC, Ty served as an analyst on the JLL Multifamily team in the Dallas office, actively participating in commercial real estate transactions totaling approximately $1 billion. Additionally, he worked at One William Street Capital Management, a structured credit investment advisor based in New York City.

Ty earned his undergraduate degree in Economics from Davidson College in 2015 where he was a four-year letterman on the baseball team. He is actively engaged in professional organizations such as The Real Estate Council and the Texas Real Estate Commission and is a licensed real estate agent.

Jonathan Ochstein


Jonathan Ochstein joined the dominant principal investment team Price Realty Corporation in 2024. His primary focus revolves around identifying and evaluating potential acquisitions throughout the Texas market. In addition, he is actively involved in developing relationships with both investment sales brokers and furthering the outreach to PRC’s current limited partners.

Before joining Price Realty Corporation, Jonathan played a key role in investment sales as part of the Marcus & Millichap Fluellen-Hoover Multifamily team based in the Dallas office. Since 2020, he actively participated in almost twenty commercial real estate transactions, amassing a total sales volume exceeding $100 million.

Jonathan holds an undergraduate degree in Sport Management from Syracuse University, where he served as the head manager of the Women’s Basketball team and was a passionate member of the Syracuse Real Estate Club. Beyond his academic achievements, he remains actively engaged in professional organizations, including The Jewish Federation of Greater Dallas and the Texas Real Estate Commission, where he holds a license as a real estate agent.