Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2013
Building Area Net
Number of units 368

Property Description

  • Property Type- Wrap
  • Year Built- 212
  • Year Renovated- 2021
  • Units- 392
  • Average Unit Size- 830 sf
  • Rentable Square Feet- 325,283 sf 
  • Site Size – 5.93 acres


Investment Highlights

  • Class A Product at a Discount to Replacement Cost
  • Return to Peak Rent Story
  • Limited New Supply with Zero Comparable Product Under Construction
  • Strong Submarket Fundamentals 
    • 4.3% T6 Rent Growth 
    • 4.3% T12 Rent Growth
    • 12.1% T6 Occupancy Increase
    • 10.7% T12 Occupancy Increase
  • Exceptionally Located Within One of Houston’s Largest Walkable Business Districts
  • Impressive Demographics in a One-Mile Radius
    • 23% population growth since 2010
    • 71.8% renter-occupied housing units 
    • $105,000+ average household income
    • $606,000+ average home values


Last Updated Date: 13 Oct 2021
Matt Kafka
Matt Kafka
Senior Managing Director, Houston Office Co-Head
License details
TX-0474117
Jett Lucia
Jett Lucia
Director, Capital Markets

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Last Updated Date: 13 Oct 2021

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