Passive Investment Opportunity

Parkway Flats

This is a fantastic 300-unit value-add opportunity in Houston, TX.

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QRP, Solo 401(k), SD-IRA

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506(c) For Accredited Investors Only

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21% Targeted IRR

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Note: This 506(c) syndication is open to ACCREDITED investors only.

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Presentation Slide Deck & Offering Memorandum

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Investment Overview

This fantastic value-add opportunity is located in Houston, TX and consists of a portfolio of 300 units across 11 three-story residential buildings.

The asset’s desirable location, strong demographic base, and constrained supply pipeline suggests
the asset is well positioned for outsized future rent growth. 

If you’re an accredited investor, click the button below to schedule a time to speak with us and get all the details about this investment.

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Note: This 506(c) syndication is open to ACCREDITED investors only.

21%

Targeted IRR

11%

Projected Annual
Cash-on-Cash

2.0x

Targeted Equity Multiple

3-5

 Year Hold
 

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Don’t miss out on the great opportunity to invest in an excellent value-add multifamily community in a top-performing market.

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Note: This 506(c) syndication is open to ACCREDITED investors only.

Opportunity Summary

Opportunity

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The opportunity begins with improving operational inefficiencies.

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The opportunity begins with improving operational inefficiencies.

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The upgrades are projected to generate $100 additional premium per unit per month.

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The sponsor is conservatively showing 2% rent growth in Year 1 of the pro forma and 3% annual rent growth thereafter.

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3-5 Year Hold.

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Stabilized 96% occupancy.

Strategy

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Upgrade to stainless steel appliances.

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Add kitchen backsplash.

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Add granite countertops throughout the apartment.

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Add smart home packages.

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Improve operating metrics through diligent expense management.

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Develop this lawn area into a courtyard area for residents to gather. This area is will allow us to host resident events and create a sense of belonging amongst the residents. This feeling of belonging will help reduce turnover and continue to reduce expenses.

Property Details

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Average Unit Size: 934 SF

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Year Built: 2017

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Acres: 9.87 

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Units: 300

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Residential Buildings: 11

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Well–Maintained Class A Asset PricedBelow Replacement Cost.

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Limited Submarket Supply, Providing Runway For Outsized Organic Rent Growth.

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Immediate Access to Abundant Retail, Dining, and Recreation.

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Affluent Submarket Demographics ($92k HHI 1–mile Radius).

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Zoned to Top Rated Schools.

Location

Houston, TX

Class A community that is well–located within the heart of West Houston’s Urban Core (250k+ employees).

Area Overview

Parkway Flats benefits from affluent surrounding demographics, as the average household income is $92k within a 1–mile radius of the Property. The asset’s desirable location, strong demographic base, and constrained supply pipeline suggests the asset is well positioned for outsized future rent growth.

In addition, the Property is zoned to two top ranked schools within Houston ISD, Ray Daily Elementary and West Briar Middle School. Both schools have a 7 out of 10 ranking by Great schools. com and present a major selling point to current and future residents.

We Are Multifamily Investment Professionals

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Experienced

With a combined 100+ years of experience and $300MM in closed multifamily transactions, we have the subject matter expertise, key relationships, and proven track record to execute profitable deals.

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Conservative

We are opportunistic investors focused on creating long term value. We stress test our deals and use leverage carefully to create sustainable cash flow and limit our risk.

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Diligent

Closing a deal, while challenging, is the easy part. Executing on the business plan is the hard part. It takes perseverance and persistence to achieve what we set out in our underwriting.

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This Deal is Closed


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