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Multi Family development in Houston

Total Capitalization: $52,086,000

Characteristics:

  • Investment Type: Opportunistic
  • Market: Houston, TX
  • Type: Class A Garden-style
  • Size: 350 units
  • Acres: 17.3 acres
  • Expected Holding Period: 4 – 5 years
  • Expected IRR: +17.6%
  • Equity: $ 7.775.000
  • Launched: May 2019
  • Sold: July 2022
  • Sale Price: $79.250.000
  • Net IRR to LP: +21%
  • EM: 1,80