Aviare Place & Hawthorne House/Midland, TX

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Multifamily

Midland, TX

392 Units

Built in 1981

Value Add

392-Unit Value-Add Portfolio: Adjacent 1981/1982-vintage assets prominently positioned along Loop 250 in Midland, Texas
Compelling Renovation Upside: Proven interior upgrade program offers meaningful rent premium potential and attractive returns
Immediate Mark-to-Market Opportunity: In-place effective rents remain below market, creating near-term loss-to-lease recapture potential
Strong Operating Performance: Portfolio has averaged approximately 94% occupancy over the trailing 12 months
Supply-Constrained Market: Limited new multifamily deliveries through 2026 support sustained occupancy and continued rent growth
Proximity to Major Employment Drivers: Surrounded by leading energy, healthcare, aerospace and industrial employers supporting high-income renter demand
Top-Tier Rent Growth Market: Midland/Odessa continues to rank among the nation's strongest metros for rent growth and multifamily fundamentals
Flexible Acquisition Opportunity: The assets may be acquired individually or together as a portfolio