CLOSED
NEW PASSIVE
INVESTMENT
OPPORTUNITY
Timber Ridge, Houston Texas
- 22.44% Target IRR
- 154.71% Target Total Returns in 5 Years
- 30.94% Target Ave. Annual Returns
- 10% Target Yearly Cash Flow
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, TXStabilized with Value-Add
Deal Type154.71%
Total Returns30.94%
Avg. Annual Returns3-5 Years
Holding Period22.44%
Target IRR704
Units$80 Million
Purchase Price$21 Million
EquityInvestment 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 ★
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
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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.
