The Lexington at Champions/Houston, TX

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Under Contract

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Multifamily

Houston, TX

89 Units

Built in 2003

Value Add

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