176 Value-Add Units in Beaumont, Texas: Halfway Between Houston and Lake Charles
Strategic Location: Two Miles from Beaumont’s Major Retail Hubs – Parkdale Mall and the Dowlen Road Retail Corridor
Established Major Employers in Beaumont: ExxonMobil, Chevron Philips, Motiva Enterprises, Valero, Port of Beaumont, and Other Major Oil & Gas Employers
Consistently Strong Historical Performance: 95% Average Occupancy in Trailing 12 Months with Stable Effective Rent Growth
Value-Add Opportunity: Ability to Implement Unit Enhancement Program on All Units to Achieve $150+ Premiums
Nearby Competitors: Achieving Approximately $230 Above Breakwater Bay Within One Mile Radius
Significantly Supply Constrained Market: Average Submarket Occupancy of 95% with Zero Units Under Construction
