Westbury Reserve, Houston, TX

It's been awhile but the wait is over.  We're headed to Houston for our next deal. With our strong presence in Dallas anchoring us, we decided it was an opportune time to venture south for new opportunities.  We also have a rockstar manager who has experience in Houston and is super excited about taking on this project.  As you know, this business is ALL about the people so that was a key component in our decision process.

We've completed our due diligence walks, as we do with every property, and tightened up our $2MM budget as we prep to take this 320-unit property to the next level.  And based on our fairly conservative underwriting, we think the returns aren't too bad either.

Some folks still think of Houston as an economy dominated by energy - or more importantly by the price of a barrel of oil.  Having grown up in Dallas I remember hearing about the ups and downs in Houston.  Today, however, Houston is a massive metropolitan area whose reliance on energy has dwindled to a sustainable but meaningful 10-15%.  We like the rent growth Houston is showing combined with it's relatively strong economic performance during the pandemic.

Video introduction

Nothing beats being able to see the property and it's surrounding areas. Here we have put together a nice video showing some of the highlights of the area.

Live Webinar Replay

If you really want to dig into the details but didn't get a chance to see the live webinar, here's the replay.

Investment highlights

Looking to find out more about this limited opportunity? Click the link here to view the entire deal packet.

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