NEW PASSIVE
INVESTMENT

OPPORTUNITY

Reserve At Westwood, Houston, TX

20.83% Target IRR
137% Target Total Returns in 5 Years
27.4% Target Ave. Annual Returns
Long-Term Benefits – Passive Income
Long-Term Benefits – Equity Growth
Proven Track Record

Cash Flowing Investment Opportunity.

RESERVE AT WESTWOOD Investment Details

Reserve At Westwood is the best class B multifamily investment opportunity in Houston, Texas. Built in 1978, this low-density asset offers a new investor an exceptional opportunity to acquire an affordable value-add opportunity in a strong performing submarket.

Thriving Market

Houston, TX

Stabilized with Value-Add

Deal Type

137%

Total Returns

27.4%

Avg. Annual Returns

3-5 Years

Holding Period

20.83%

Target IRR

704

Units

$76 Million

Purchase Price

$20 Million

Equity

Investment Highlights

Rare opportunity to acquire an extensively renovated, strong performing asset (2nd largest multifamily property) in the Sharpstown/Westwood submarket of the Houston MSA

Completely renovated, immaculate asset: Interior renovations include: New cabinets, granite countertops, new appliances, new flooring and new plumbing / lighting fixtures

Exceptional location and visibility at the intersection of two of Houston’s busiest thoroughfares, Bissonnet St. and the Sam Houston Tollway (Beltway 8)

Within a 3 mile drive to the Westchase District - home to more than 93,000 employees & 1,500 businesses and within 9 miles to the Galleria / Uptown District (over 82,000 employees / 2,000+ businesses)

Plentiful revenue enhancement opportunities such as adding washer / dryer appliances (full size washer / dryer connections in over 55% of the units), valet trash, pet rent and cable fees

12% growth in households (from 2010 - 2021) within a 1 mile radius of which over 88% are renter occupied

The Sharpstown/ Westwood submarket has experienced strong annualized rental rate growth of 7.7% over the last 3 months

Exterior renovations: New roofs, siding, flatwork, HVAC and perimeter gates

94%

OCCUPANCY

1978 / 2015 REHAB

YOC

60

NO. OF BUILDINGS

24.12 ACRES

PLOT SIZE

Class B Multifamily

Asset Type

866

YOC

2

STORES

29.3 units / ACRE

DENSITY (UNITS / ACRE)

★ 506(c) offer For Accredited Investors Only ★

Take A TOur

We Are Multifamily Investment Professionals

EXPERIENCED SPONSORSHIP TEAM

With a combined 20+ years of experience and 8,000+ unit of Multifamily with Market Value of $800+ Million in closed transactions. We have the subject matter expertise, key relationships, and proven track record to execute huge profitable deals.

LEADERSHIP WITH PROVEN TRACK RECORD

We encourage and reward entrepreneurial behavior, leading by example, prudent risk-taking; and we seek to foster an atmosphere of respect and empowerment for all our employees.

CONSERVATIVE

We are a team of opportunistic investors focused on creating long-term wealth. We leverage our deals and we carefully create sustainable cash flow and limit our risk.

DILIGENT

Closing a deal, while challenging, is the easy part. Executing the business plan is hard. It takes perseverance and persistence to achieve what we set out in our underwriting.

PROPERTY VIDEO

Offering Memorandum

Reserve Your Spot To Invest In The RESERVE AT WESTWOOD, HOUSTON, TX

Schedule A Free Strategy Call

Applesway Investment Group is a real estate investing company located in Dallas, Texas. We focus on acquiring stable, income producing multi-family properties in emerging U.S. markets.

How Do We Select Deals

UNDERWRITE OVER 100 TO FIND 1

Hundreds of deals come across our desk on a consistent basis. With our strict underwriting guidelines, we see one great deal to execute on every 100.

CAP RATE HIGH ENOUGH FOR STABILIZED ASSET

Generally, we focus on more high value-add plays, but sometimes we come across more stabilized deals that have.

VALUE-ADD UPSIDE POTENTIAL

Can we increase the NOI which will bring up the value of the asset? For example, current rents are below market rents due to unit quality, Can we rehab the units and increase rents?

VERIFYING ACTUALS, NOT PROFORMAS

Brokers love to provide buyers with financial projections (proformas) as if they were today’s numbers. We verify, and base our analysis and offer on ACTUALS.

STRONG LOCAL RENT GROWTH

We dive deep into the deals submarket to understand the rent trends

DO THE NUMBERS WORK

After all of the aforementioned, we come up with Maximum Allowable Offer (MAO), which is the maximum amount we can pay to acquire the deal.

NEW PASSIVE INVESTMENT