Eaglebrook
View Offering Memorandum and Financials
Offering Summary:
- Location: Mont Belvieu, TX
- Year Built: 2010
- Units: 152
Investment Highlights:
- 152 First-Generation Value-Add Units in Mont Belvieu, Texas, Less Than One Mile East of Grand Parkway (SH99) and 30 Miles East of Houston
- Mont Belvieu Has Experienced Over 27% Population Growth in the Past Four Years
- Considerable CapEx Completed Over the Last 24 Months with All New HVAC Units, Roofs, Exterior/Interior Painting Throughout, and Pool Re-Plaster
- Exceptional Submarket: Median HHI $130k+, Avgerage Home Price $420k+, and 2023 Property Tax Rate of 1.995147%
- Strong Historical Performance: Eaglebrook Achieved 97% Occupancy with 6.3% Rent Growth in Trailing 12 Months
- Attractive Loan Assumption Opportunity with 2.5% Fixed Interest Rate and 32 Years of Term Remaining
Exclusively Listed by:
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Greg Austin
Senior Managing Director
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Will Balthrope
Executive Managing Director
