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Park at Amalfi & Park at Saronno

Houston, TX

485 Units

Built in 1970

Value Add

Investment Highlights

  • Two Value-Add Assets Totaling 485 Units, Built 1970/1971 in Houston, Texas
  • Prime Location within Energy Corridor (100k Employees) and Spring Branch, adjacent to CityCentre, Memorial City, and Town & Country Village
  • Strategically Positioned near the Intersection of Interstate 10 and Beltway 8, Providing Exceptional Mobility Throughout Houston MSA
  • Recently Renovated with Substantial Remaining Value-Add Opportunity Through Unit Enhancements and Minimal Deferred Maintenance
  • Current Rents Well Below Market Average, Providing Immediate Upside Through Organic Rent Growth
  • Attractive Loan Assumption Opportunity with Below-Market Interest Rate and Above-Market Leverage
  • Park at Amalfi and Park at Saronno can be Purchased Separately or as a Portfolio

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