MetroNational, a privately-held real estate investment, development, and management company headquartered in Houston, Texas, has secured $82,700,000 in funding. This capital infusion underscores continued investor confidence in the company's established portfolio and its strategic vision for the future.
Founded in 1954, MetroNational owns and manages more than 10 million square feet of commercial real estate properties, predominantly located within Greater Houston. Its diverse portfolio spans office, retail, restaurant, hospitality, and healthcare sectors, with each property integrating the company’s best-of-class services to provide high quality and enduring value.
The $82.7 million in investment capital will support MetroNational's ongoing growth initiatives and strategic objectives. While specific deployment details were not disclosed, the funding is expected to enable the company to expand its existing operations, enhance its asset base, and pursue new development opportunities within its core markets.
MetroNational's largest development, Memorial City, exemplifies its approach. This "city-within-a-city" is a premier mixed-use development in west Houston, encompassing over 10 million square feet across 300 acres. Memorial City features Class A office space, the 1.7 million square foot Memorial City Mall, residential living, upscale hotels like The Westin Memorial City and Hotel ZaZa Memorial City, and the Memorial Hermann Memorial City Medical Center, a major medical campus.
This significant funding round positions MetroNational for continued expansion and further solidifies its role as a key player in Houston's commercial real estate sector, committed to sustainable growth and long-term value creation.
