...A 241 Unit Apartment Community in the Houston Metro Area
Target 22-23% IRR · 24-25% Cash-on-Cash · 2.2x Equity Multiple
5Yr Hold · 50% Capital Return in Yr3 · Cash, QRP, 401k, SD-IRA
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Register below to access the exclusive offering memorandum, investor webinar recording and subscription agreement for the Terraces opportunity.
Note: This is a 506(c) opportunity for Accredited Investors Only.
Our Market - Houston Metro Area
"No one knows a market like a local.."
A Growth Economy
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Houston is the 4th largest city in the US and the fastest growing city in the country since 2018
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7th largest economy in the US with $490B GDP
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Diverse economy with 20+ Colleges & University, Nasa's largest R&D facility, largest medical center in the world with 106k jobs, and highly sophisticated energy industrial complex with oil & gas, chemicals, shipping and manufacturing hubs
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Texas City submarket is anchored by petrochemicals (oil an input raw material), shipping, and medicine - stabilizing the market during these pandemic times
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Texas City has the lowest apartment to population ratio in the state as the community grows with NASA / SpaceEx complex
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With only 259 units planned to come online in Texas City until 2024, strong tailwinds for occupancy levels
The Pandemic Impact
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Houston Metro is seeing continued growth in 2020 as populations migrate from the coasts to the market for increased space and job access
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Redfin shows Galveston county home sales up 16% vs prior year
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Days on market are down 40% vs prior year
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Apartment vacancy rates declining
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Texas is very pro-landlord
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Government and Non Profits are providing significant assistance programs for tenants and property owners
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Texas eviction courts reopened in May in and are seeing cases where tenants cannot show evidence of seeking a job nor collaboration in developing a rent payment plan
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Class C residents a stable tenant base
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Continue to have stable employment as most occupations deemed essential
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Higher lease renewals as less appetite to move during pandemic
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