Passive Investment Opportunity
Parkway Flats
This is a fantastic 300-unit value-add opportunity in Houston, TX.
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Note: This 506(c) syndication is open to ACCREDITED investors only.
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.
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
The opportunity begins with improving operational inefficiencies.
The opportunity begins with improving operational inefficiencies.
The upgrades are projected to generate $100 additional premium per unit per month.
The sponsor is conservatively showing 2% rent growth in Year 1 of the pro forma and 3% annual rent growth thereafter.
3-5 Year Hold.
Stabilized 96% occupancy.
Strategy
Upgrade to stainless steel appliances.
Add kitchen backsplash.
Add granite countertops throughout the apartment.
Add smart home packages.
Improve operating metrics through diligent expense management.
Property Details
Average Unit Size: 934 SF
Year Built: 2017
Acres: 9.87
Units: 300
Residential Buildings: 11
Zoned to Top Rated Schools.
Location
Houston, TX
Area Overview
We Are Multifamily Investment Professionals
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.
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.
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.