Multi-housing / PRS

Encore Southwest Portfolio

2464 Talbot Ave Thibodaux, LA United States 70301
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 2012
Occupancy 85.0 %

Property Description

Built between 2009-2017, the Portfolio is in excellent condition and has experienced no interior or amenity enhancements. Three of the four assets allow new ownership the opportunity to complete a renovation program with the addition of interior enhancements to aggressively push rental rate premiums. Interior improvements could include stainless steel appliances, faux wood flooring, new fixtures, granite countertops, backsplashes, modern lighting and more. Furthermore, effective rents at the properties trail the competitive sets between $95-$216.

Investment Highlights

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker (“HFF”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in the Encore Southwest Portfolio (the “Portfolio” or “Properties”), comprised of 1,084 units across four multi-housing assets in three different states. Located in Richmond, TX (Houston), Corpus Christi, TX, Bixby, OK (Tulsa), and Thibodaux, LA, this unique Class “A” portfolio represents a significant opportunity to obtain scale on a national level below replacement cost. At the property level, the Portfolio offers new investors well-maintained assets with little to no deferred maintenance and the ability to improve income levels. Moreover, the Portfolio offers the opportunity to acquire a dynamic set of assets with assumable in-place debt, creating a stable, cash flowing Portfolio at an attractive basis.
Roberto Casas
Roberto Casas
Senior Managing Director, Multi-Housing Group Leader
License details
TX-0512740
Chris Curry
Chris Curry
Senior Managing Director, Capital Markets
License details
TX-0566750

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