Coronado on Briarwood/Midland, TX

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Multifamily

Midland, TX

384 Units

Built in 2020

Suburban Core

Prime Location with Proximity to Major Employers: Within 10 minutes of Chevron, Midland Memorial Hospital, Occidental Petroleum, and Midland College
Exceptional In-Place Cash Flow: Strong historical occupancy and stable effective rent growth
High Barrier to Entry: Limited construction pipeline and elevated development costs restrict new competition
Exceptional Cash Flow Day One with Strong In-Place Returns and Future Growth Potential
384-Unit 2020 Construction in Midland, TX: Institutional asset with modern design and resort-style amenities
High Rent Growth Market: Midland/Odessa posted over 8% annual rent growth in 2024 and continues to outperform with limited new deliveries and strong economic fundamentals