Mille Miglia

Mille Miglia

View Offering Memorandum and Financials

Offering Summary:

  • Location: Conroe, TX
  • Year Built: 2022
  • Units: 324

Investment Highlights:

  • 324-Unit, New Construction Asset in the Conroe, Texas, the Most Highly Occupied Submarket of Houston
  • Current Rents Well Below Market, Allowing Significant Organic Rent Growth – Immediate Submarket Experienced 17.6% Annual Rent Growth in 1Q22 (RealPage Data)
  • Minimal New Supply (317 Units), Presenting an Attractive Lease-Up Environment
  • Convenient Location Near Interstate 45 and Loop 336, Allowing Residents Access to The Woodlands and Conroe’s High-Profile Employment Centers, Retail Destinations, and Entertainment Hubs
  • Attractive In-Place Assumable HUD 221(d)(4) Loan at +/- $42.6 Million, 40-Year Term and Amortization at 3.1 % Fixed Plus 25 BPS MIP
  • Rapid Lease-Up Velocity - 14 Net Leases Per Week on Average​​​​​​​

Exclusively Listed by:

The Best Access to Private and Institutional Capital

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