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Multifamily
The Lexington at Champions
Houston, TX
89 Units
Built in 2003
Value Add
Investment Highlights
- Exceptional first generation value-add opportunity with excellent floor plan designs including washer & dryers in all units
- Tangible organic revenue growth opportunity with most competitive properties featuring $130-215/month higher average rents
- Consistently strong asset performance, achieving over 17% rent growth (4.9% YoY) while maintaining steady occupancy above 94% since 2021
- Located in the Champions submarket that has demonstrated strong 2-3% rent growth since Q1 2024
- Significantly supply constrained pocket of Houston with zero units currently under construction
- Adjacent to many of North Houston's top employment & entertainment drivers, including Cityplace, The Woodlands, Vintage Park, Chi St. Lukes Health Hospital & Houston Methodist Willowbrook Hospital