Two-property, 165-unit portfolio located in Houston’s thriving Spring Branch submarket
Submarket Class A rent growth 18%+ over prior six-month period and anticipated 2022 rent growth of 5.5%+
The close proximity of the two assets in the portfolio provides the buyer the opportunity to spread staffing and other costs over more units to achieve significant operational efficiencies
Rental upside as the portfolio transitions from lease-up to stabilization; less downward pressure on rental rates as less units are available to lease
Supply constrained market with zero units currently under construction
Opportunity to add tangible value by enhancing upon existing amenities/other income items
Rare and unique opportunity to acquire a new construction, low maintenance, highly efficient portfolio with unlimited upside potential in the heart of thriving Spring Branch
