2014 Vintage in Northwest Houston: 336-unit, Class A asset located within the Cypress/Tomball/Spring triangle, one of Houston's most active suburban residential corridors
Below Replacement Cost Basis: Offered at a 15%–20% discount to replacement cost, providing investors an attractive basis in today's market
Embedded Value-Add Opportunity: Opportunity to renovate 168 units (50% of the property) and capture ~$100 monthly rent premiums through a $5,000/unit renovation program, equating to a 24% blended ROI
Long-Term Tax Exemption: Benefits from a 100% property tax exemption through a partnership with the Houston Housing Authority under Texas Local Government Code 303
Premier Vintage Park Location: Positioned adjacent to Vintage Park, a 500K+ SF mixed-use destination featuring premier retail, dining, office, and medical space, including HCA Houston Healthcare North Cypress and the Kelsey-Seybold medical campus
Access to Major Employment Centers: Minutes from CityPlace (20K+ jobs) and within 10 miles of The Woodlands (40K+ jobs) and George Bush Intercontinental Airport (42K+ jobs)
