The Park at Tour 18

The Park at Tour 18

View Offering Memorandum and Financials

Offering Summary:

  • Location: Humble, Texas
  • Year Built: 2020
  • Units: 241

Investment Highlights:

  • 241-Unit, Luxury Golf-Frontage Asset: Premium-quality 2020 construction located in high-growth Northeast Houston submarket
  • Unique, Low-Density (26.7 Units/Acre) Site Plan: Featuring irreplaceable golf course views & surrounding pond water features
  • Fully Stabilized Asset with Strong Historical Collections: Stable occupancy, minimized concessions, low bad debt, & a 64% tenant retention rate
  • Rare, Lodge-Style, Elevator-Served Asset Immersed in Nature: Boasting top-of-market amenities including direct unit access garages
  • Lowest Supply Horizon Submarket within the Houston MSA: Less than 500 units being delivered in 2026 & 2027 combined
  • Surrounded by North Houston’s Most High-Profile Demand Drivers: George Bush Intercontinental Airport & Generation Park, a 4,300-acre master-planned community
  • Long-Term Tax-Exempt Structure: Created through partnership with the Houston Housing Authority under Texas Local Government Code Chapter 392
  • Attractive Agency Loan Assumption: The property features an accretive high leverage assumable loan

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