11925 Jones Rd, Houston, TX 77070
The Henry at Jones Road is a three-story garden-style community comprising of 114 one and two-bedroom homes. It was built in 2013 and is currently managed in collaboration with Momentum Multifamily. The living spaces are equipped with modern features such as black appliances, granite countertops, vinyl flooring, and modern lighting. Additionally, the team plans to implement a home interior upgrade program to further improve the units' aesthetics.
114 Unit Institutional-Quality Value-Add
114 Units
Built in 2013
1 & 2 bedroom floorplans
Acquired in 2022
Community Amenities
Package Service
Wi-Fi at Pool and Clubhouse
Controlled Access
Trash Pickup - Door to Door
Renters Insurance Program
Online Services
Planned Social Activities
Pet Play Area
Key Fob Entry
Business Center
Clubhouse
Lounge
Fitness Center
Pool
Gated
Cabana
Grill
Concept Creation
Additional Storage
Hardwood Style Flooring
Stand Alone Showers
Subject to Availability
Alarm
Built In Computer Desk
Elegant Crown Molding
Full Size Washer/Dryer In Unit
Garden Bathtubs
Gated Community/Controlled Access
Granite Countertops
Hard Surface CounterTops
High Speed Internet
Value-Add Strategy
Our strategy for this asset will involve implementing a Value-Add approach, which includes refurbishing the clubhouse, rebranding the property, improving the amenities available, and upgrading the units themselves.
Houston MSA
The Houston market is one the strongest multifamily markets in the nation, and well-maintained Class A- properties such as this one tend to fare well in the event of an economic downturn.
Houston is a diverse and rapidly growing metropolitan city with strong indicators for continued positive growth and a long-lasting rental economy. It is driven by industries such as energy, healthcare, and technology.
Investment Details | |
---|---|
Formally Known As | The Reserve at Jones Road |
Unit Count | 114 |
Class | A- |
Acquisition Date | 12/09/2022 |
Invested Capital | $10,000,000 |
Loan | 3+1+1 Capped Adjustable |
Deal Structure | 506(B) Syndication |
Unit Mix | 114 one & two-bedroom |
Projected Hold | 5 Years |
All Rights Reserved | REV Equity Group LLC