Park at San Marino

Park at San Marino

View Offering Memorandum and Financials

Offering Summary:

  • Location: Houston, TX
  • Year Built: 1984
  • Units: 384

Investment Highlights:

  • 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%

Exclusively Listed by:

The Best Access to Private and Institutional Capital

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