Avenue M

Avenue M

View Offering Memorandum and Financials

Offering Summary:

  • Location: Houston, TX
  • Year Built: 2021
  • Units: 90

Investment Highlights:

  • 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

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