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Multifamily
The Permian Value-Add Portfolio
Midland, TX
896 Units
Built in 1983
Value Add
Investment Highlights
- 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
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