I need to find apartment buildings for sale of 100 units or more anywhere in Texas. I have a buyer who consistently buys apartment buildings. Preferably, unlisted properties since my buyer is familiar with most things on the open market.
3 class B buildings in Houston totaling approx 1000 units
1 class A building in the DFW metroplex with approx 300 units
All units renovated in 2007
Total asking price - $68M plus fees
Owner willing to split up.
Once Confidentiality agreement is signed, you will have access to property reports and most recent financials
We can then accept your LOI and conference you in with owner.
Contact Nick to discuss
I'm hear in San Antonio and looking to buy smaller projects (<45 units) in this and surrounding counties. Primarily interested in B & C properties that need rehab. Please let me know if you come across potential projects.
Mid-Cities Land Co.
I'm part of a national syndication group who deals solely with multifamily. Can you email me more specifics on what type of criteria your buyer is looking for? We have several properties under contract right now in Texas. What class apartment? A? B? C? Are you looking for fully stabilized properties or rehab intensive projects? Please email me your criteria. email@example.com
Archstone Medical Center
8181 Fannin St.
Houston, TX 77054
Number of Units:
Average Unit Size:
Average Rent PSF:
Offers are due Thursday, October 22, 2009.
Archstone Medical Center
Apartment Realty Advisors (“ARA”) has been exclusively retained by the Seller, in connection with the sale of Archstone Medical Center (“Property”). You are being extended the opportunity to purchase Archstone Medical Center, which is comprised of 678 units, a total net rentable area of 527,040 square feet, and an average unit size of 777 square feet. The Property was built in two phases, the first of which was completed in 1995, and the second in 1998. Known for offering a combination of quality amenities, affordability, and convenience to the Texas Medical Center, the Property has a strong ability to attract tenants and maintain a high occupancy. Archstone Medical Center should be a sound financial investment with an irreplaceable location in the heart of the Texas Medical Center, one of Houston’s largest employment centers.
Archstone Medical Center is an attractive investment opportunity for the following reasons:
1. $7 billion capital infusion in the Texas Medical Center by 2014 should create 30,000 new jobs;
2. Irreplaceable location and accessibility;
3. Adjacent to Houston MetroRail;
4. Potential redevelopment opportunity on approximately 30 acres in the Texas Medical Center;
5. Interior value-add opportunity;
6. Well below replacement cost pricing;
7. Close proximity to major employment centers;
8. Explosive growth in Texas Medical Center;
9. Five major colleges and universities in surrounding area;
10. Strong demographics and apartment statistics;
11. Close to multiple recreational destinations.
713.599.1800 ext 421
713.599.1800 ext 405
713.599.1800 Ext. 431
713.599.1800 Ext. 422
713.599.1800 Ext. 415