The Penwell

The Penwell

View Offering Memorandum and Financials

Offering Summary:

  • Location: Odessa, Texas
  • Year Built: 2021
  • Units: 360

Investment Highlights:

  • 360-Unit, Stabilized Asset Built in 2021: Modern construction with strong leasing fundamentals in a high-demand Odessa submarket
  • Strong Performance & Historical Occupancy: Demonstrated stability supported by durable tenant demand and attractive area fundamentals
  • Proximity to Major Employers Supporting High-Income Jobs: Surrounded by high-profile companies that attract well-qualified tenants and drive long-term housing needs
  • Located in One of the Nation’s Top Rent-Growth Markets: Midland/Odessa continues to rank among the strongest U.S. metros for rent trajectory and absorption
  • Diversified Regional Economy Beyond Energy: Midland/Odessa has a diverse economy, including Healthcare, Aerospace, and Distribution

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