Odessa Value-Add Portfolio/Odessa, TX

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Under Contract

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Multifamily

Odessa, TX

1,225 Units

Built in 1982

Value Add

Seven-Property Portfolio Consisting of 896 Units in Midland/Odessa, Texas
Midland/Odessa is the Top Rent Growth Market in the United States and has Minimal Supply Pipeline with Zero Units Currently Under Construction (3Q23 RealPage Data)
Located within the Second Largest Oil and Gas Shale in the World, The Permian Basin
Surrounded by Major Employers Supporting High-Income Jobs and Well-Qualified Tenants
Immediate Upside for Rent Growth Through Interior Value-Add in Addition to Organic Rent Growth through Loss-to-Lease Burn Off
Offered Individually or as a Portfolio – Below Replacement Costs and Operational Efficiencies Through Portfolio Acquisition