The Houston 7 value-add portfolio is a 2,239-unit multifamily investment offering in Houston, Texas. The portfolio’s seven properties were constructed primarily in the 1970s and mid-1980s, giving a new investor an exceptional opportunity to conceptualize and implement value-enhancement. This portfolio provides investors with a scalable opportunity to acquire 2,239 units at a significant discount to replacement cost.
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Subject properties benefit from central locations and exceptional proximity, offering instant access to major employment, nationally ranked school districts, excellent transportation, and many amenities.
Current rents at the subject properties are roughly 5 percent to 10 percent below the rent comparables, which equates to approximately $70 to $100 per unit. Excellent value-add opportunity to achieve an additional $100 to $150 per unit through a high-impact renovation program, creating a total rental increase of $170 to $250 per unit.
Each property includes an extensive amenity package, including full size washer and dryer or hook-ups in six of seven of the properties and spacious floor plans as large as 1,750 square feet (portfolio average is 900 square feet).
The Plaza on Westheimer, 6263 Westheimer Road, is a 643-unit gated apartment community in the desirable Galleria neighborhood
Champion Forest, 12801 Champion Forest Drive, is a 198-unit gated community, with at unit mix of one, two, and three bedroom.
Westway, 10580 Hammerly Boulevard, is an attractively designed 316-unit gated community with 12 apartment plans
Park at Country Place, 1000 Country Place Drive, is a 169-unit asset, offering five generously sized two- and three-bedroom floorplans, averaging 1,283 square feet
Wyndham Oaks, 2410 S. Kirkwood Road, is a 279-unit community, offering four generously sized one- and two-bedroom floorplans, averaging 971 square feet
Woodbridge Crossing, 14501 Empanada, is a 384-unit gated apartment community in West Houston’s residential neighborhood
Sugar Ridge is a 250 unit gated community located in the quiet suburb of Stafford, Texas, at 12903 Sugar Ridge Boulevard
