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Attributes
Building Area Net |
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Asset Description
Property Type: Garden
Year Built: 1961 / 1963
Units: 426
Average Unit Size: 956 SF
Rentable Square Feet: 407,074 SF
Site Size: 10.81 Acres
Investment Highlights
- Ability to Acquire Rare Urban Workforce Product
- Significant Value-Add Potential on Both Interiors and Exteriors
- Covered Land Play with Compelling Basis
- Houston’s Top Live | Work | Play Submarket
- Exceptional Submarket Absorption
- 817 Units Absorbed in 2021 – second highest since 2017
- Impressive Demographics in a One-Mile Radius
- 72% renter-occupied housing units
- $110,000+ average household income
- $640,000+ average home values
- 55%+ college educated or higher