We’re excited to present you with our latest investment offering of 221 units in LaPorte, Texas. La Porte is an affluent submarket in the Greater Houston MSA. We are conservatively projecting very attractive returns. See below to find out why we love this deal.
cash on cash year one and increasing
of the equity returned in year 3 (refi proceeds)
investor equity multiple (in 5 years)
Investor IRR
Asset:
High occupancy and collections throughout COVID
Cash-Flowing asset
Minimal deferred maintenance
Minutes from the beautifully renovated La Porte beach
Strong rental upside with unit upgrades
Our conservative pro forma rents are well below the area’s median rents
Part of the Houston MSA (#5 in the USA) which is projected to add 1.8 million new residents through 2030
Market:
High-demand submarket with severely limited supply of workforce housing
Median household income is $75,000
High-demand submarket with severely limited supply of workforce housing
Minutes from the beautifully renovated La Porte beach
Best School District in the area
New city-funded streets and improved drainage with promenade sidewalks and upscale lighting
Interested in the project but need more information? Simply complete the form below and we’ll send you the investment packet.
