Champions at Ponderosa
View Offering Memorandum and Financials
Offering Summary:
- Location: Houston, TX
- Year Built: 1979
- Units: 177
Investment Highlights:
- Attractive In-Place, Assumable Loan with 3.56% Rate and Five Years of Term Remaining
- Over $2.5M in Major Capital Expenditures Have Been Allocated to the Asset Since 2016
- Strong Historical Collections with Occupancy North of 95% Over Trailing 12-Month Period (Currently 97%)
- Attractive Value-Add Opportunity to Achieve $125+ Rent Premiums
- Strong Demographics: Located 15 Miles North of Downtown and just South of Spring and The Woodlands
- Quick and Convenient Access to I-45 and Grand Parkway (Undergoing $111.3M Expansion)
- Surrounded by High-Income Employers such as ExxonMobil, Hewlett Packard, and Southwestern Energy
Exclusively Listed by:
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Greg Austin
Senior Managing Director
