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Multifamily

The Park at Tour 18

Humble, TX

241 Units

Built in 2020

Suburban Core

Investment Highlights

  • 287-Unit, Class A Asset in High-Growth Spring Submarket: Newly constructed, stabilized asset in market with favorable supply dynamics (construction down 65%+ in Houston)
  • Attractive Assumable HUD Loan: Below-market, long-term financing with a 35-year amortization period and a competitive 5.70% interest rate with interest-only period through May 2027
  • Proximate to Major Employment Hubs: Minutes from the ExxonMobil HQ, Hewlett Packard HQ, Southwestern Energy, and the 30M+ SF of high-profile office in The Woodlands
  • Top-Tier Demographics & Connectivity: Strategic access to I-45, Grand Parkway (Hwy 99), and George Bush Intercontinental Airport, serving a tenant base attracted to the area's highly rated schools and lifestyle amenities

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