384-Unit, Value-Add Asset in Houston, Texas, 15 Miles West of Downtown
Diverse Unit Mix with 140 Highly Desired Townhome-Style Units; Nine-Foot and Vaulted Ceilings with Full-Size Washer/Dryer Connections in Units
Significant Value-Add Upside: 99% of the Units Remain to be Upgraded (Three-Bedroom Units Recently Renovated and Leased for $300 per Month Above Prior Leases)
Strategically Positioned off Highway 6, just South of the Energy Corridor (100k+ Employees)
Located in Top-Ranked Submarket for Effective Rent Growth – 6.3% Annual Rent Growth in 2023
Attractive, Assumable Freddie Mac Financing at All-In Rate of 4.75%
