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Multifamily

Champions at Ponderosa

Houston, TX

177 Units

Built in 1979

Value Add

Investment Highlights

  • Over $2.5M in Major Capital Expenditures Have Been Allocated to the Asset Since 2016
  • Strong Demographics: Located 15 Miles North of Downtown and Just South of Spring and The Woodlands
  • Attractive Value-Add Opportunity to Achieve $125+ Rent Premiums
  • Strong Historical Collections with Occupancy North of 95% Over Trailing 12-Month Period (Currently 97%)
  • Quick and Convenient Access to I-45 and Grand Parkway (Undergoing $111.3M Expansion)
  • Surrounded by High-Income Employers Such as ExxonMobil, Hewlett Packard, and Southwestern Energy
  • Attractive In-Place, Assumable Loan with 3.56% Rate and Five Years of Term Remaining

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