Applesway Investment Group –

financial freedom with real estate investing
applesway

CLOSED

NEW PASSIVE
INVESTMENT

OPPORTUNITY

Timber Ridge, Houston Texas

Cash Flowing Investment Opportunity. 

Timber Ridge Investment Details

Timber Ridge, a 704-unit community is located at 12200 Fleming Dr, Houston, TX. Built-in 1979, this low-density asset offers a new investor an exceptional opportunity to acquire an affordable value-add opportunity in a strong performing submarket. The property also features large floor plans as well as townhome-style units.

Thriving Market

Houston, TX

Stabilized with Value-Add

Deal Type

154.71%

Total Returns

30.94%

Avg. Annual Returns

3-5 Years

Holding Period

22.44%

Target IRR

704

Units

$80 Million

Purchase Price

$21 Million

Equity

Investment Highlights

The I-10 East/ Woodforest/ Channelview submarket has seen impressive rent growth over the last 12-months, bouncing back from pandemic lows.

For Class B properties, the T12 effective rent growth is outperforming the broader submarket and providing a strong foundation for Timber Ridge to operate on.

The substantial increase in occupancy and rent growth coupled with high projected future rent growth will benefit Timber Ridge in the years to come.

87%

OCCUPANCY

704

UNITS

726 (SF)

AVG UNIT SIZE

Class B Asset

1979 BUILT

I-10 EAST/ WOODFOREST/ CHANNELVIEW

SUBMARKET

$873 (Per Month)

MARKET RENT

★ 506(c) offer For Accredited Investors Only

Take A TOur

We Are Multifamily Investment Professionals

EXPERIENCED

With a combined 40+ years of experience and 5,800 unit of Multifamily with Market Value of $500 Million in closed multifamily transactions. We have the subject matter expertise, key relationships, and proven track record to execute high profitable deals.

INITIATIVE AND LEADERSHIP

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 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.

EXPERIENCED

With a combined 40+ years of experience and 5,800 unit of Multifamily with Market Value of $500 Million in closed multifamily transactions. We have the subject matter expertise, key relationships, and proven track record to execute high profitable deals.

INITIATIVE AND LEADERSHIP

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 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.

Reserve Your Spot To Invest In The TIMBER RIDGE APARTMENTS

Schedule A Free Strategy Call

Applesway Investment Group is a real estate investing company located in Irving, 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.

Meet The Appleways Investment Group Team

Jay R. Gajavelli

Jay R. Gajavelli

Founder and CEO
Paddy Rao

Paddy Rao

Asset Manager