Westbury Reserve Deal - Invest on Main Street

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

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

INVESTMENT OPPORTUNITY HIGHLIGHTS

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

HIGHLIGHTS
Location Emerging market Houston,Tx.
Rental income below market, no rent control

QRP, Solo 401(k), SD-IRA

5.07 acres, offering 83,119 rentable square footage across four 2-story buildings comprising of 104 units

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.

Testimonials & Reviews

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Let’s Get Started

136 474 38883

136 474 38883

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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WellMaintained 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 1mile Radius).

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Zoned to Top Rated Schools.

Location

Houston, TX

Class A community that is welllocated 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 1mile 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.

This Deal is Closed


Check out our Current Investment Opportunity.

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