Medistar Enhances, Grows Apartment Development Business with Strategic Hire

2021-08-13 15:30:37 - Houston, Texas, United States - (PR Distribution™)

Multifamily residential real estate specialist Avi Elfezouaty joins Medistar Corporation

HOUSTON, TX – August 13, 2021 – Medistar is pleased to announce that Avi Elfezouaty has joined the firm as Senior Vice President – Acquisitions and Development. Elfezouaty will lead development and acquisition of multifamily rental communities, student housing and mixed-use developments in strategic markets in Texas and throughout the United States.

"Since its founding in 1974, Medistar has repeatedly distinguished itself as an innovative medical real estate developer. The company has always balanced this with a disciplined approach to developing strategic land and facilities that are often complementary to medical uses," said Elfezouaty. “Medistar and its partners have committed significant capital and resources for development and acquisitions of apartments and student housing. This is a top priority and we are actively in the market.”

Elfezouaty is an accomplished executive whose 26-year career includes leadership roles on major projects for and with premier multifamily developers, including Sueba USA, Gables Residential, Urban Oaks/Hines and Grayco. His experience includes development and delivery of over 6,000 apartment units in 34 rental communities nationwide, including garden style, wrap, podium, mid-rise, high-rise, mixed-use and hospitality programs.

Elfezouaty is a 1994 graduate of the University of Houston and earned a Bachelor of Science in Construction Management.

ABOUT

Medistar Corporation is a commercial real estate development company headquartered in Houston, Texas. As it has for 47 years, Medistar specializes in the design, development, financing, acquisition and construction of strategic real estate across the United States, including land, healthcare, hospitality, multifamily, commercial and mixed-use projects. Medistar is on-schedule to deliver its Virtuo Med Center apartment community Fall 2022, and is the development partner of the Texas A&M University System on the 19-story, 714-bed Life Tower student housing and 484,000 square foot Horizon Tower medical and biomedical building at the Texas A&M Innovation Plaza campus. 

In Houston, Medistar’s developments meet growing needs in the Texas Medical Center, where Medistar recently developed the 22-story, 354-key InterContinental Houston Medical Center hotel and adjacent 35-story, 375-unit LATITUDE Med Center apartment tower. Medistar has begun development on an iconic 47-story tower that will be adjacent and connected to InterContinental Houston Medical Center. Visit www.MedistarCorp.com for more information.

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Full Name
Paul McCleary
Company
Medistar Corporation
Phone Number
7132668990
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