Welcome Accredited Investors
The Invest On Main Street Team Is Pleased To Present This Investment Offering Of Westbury Reserve Passive Apartment, 506(C) Offering In Houston, TX
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Offering Details At Glance
This fantastic value-add opportunity is located in Houston, TX.
The asset’s desirable location, strong demographic base, and constrained supply pipeline suggests the asset is well positioned for outsized future rent growth.
Note: This 506(c) syndication is open to ACCREDITED investors only.
12%
Cash-On- Cash
17%
Internal Rate Of Return
60-70%
Year 1 depreciation loss
Westbury Reserve: VALUE-ADD PROPERTY IN TEXAS
Current investment opportunity available in Houston, Texas with total of 300 combined units. Don’t miss out on the great opportunity to invest in an excellent value-add multifamily community in a top-performing market
QRP, Solo 401(k), SD-IRA
How Do We Select Deals
UNDERWRITE OVER 100 TO FIND 1
Hundreds of deals come across our desk on a consistent basis. With our strict underwriting guidelines, we see one great deal to execute on every 100.
STABILIZED ASSETS IF CAP RATE HIGH ENOUGH
Generally, we focus on more high value-add plays, but sometimes we come across more stabilized deals that have.
VALUE-ADD UPSIDE POTENTIAL
Can we increase the NOI which will bring up the value of the asset? For example, current rents are below market rents due to unit quality, Can we rehab the units and increase rents?
VERIFYING ACTUALS, NOT PROFORMAS
Brokers love to provide buyers with financial projections (proformas) as if they were today’s numbers. We verify, and base our analysis and offer on ACTUALS.
STRONG LOCAL RENT GROWTH
We dive deep into the deals submarket to understand the rent trends.
DO THE NUMBERS WORK
After all of the aforementioned, we come up with Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.
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136 474 38883
136 474 38883
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.
