MULTI-FAMILY

Aria Victoria

Aria Victoria
| 240 Class A Units


High yield strategy in tertiary market with sound economic fundamentals.

Located in a small market home to several large and expanding industrial facilities including plants owned by Dow, Invista, Formosa Plastics and Alcoa. Victoria is a regional hub with a university, medical center and deep-water port.

Best product in the market purchased with private high net worth capital seeking secure double-digit cash yields.

Location
8311 NE Zac Lentz Parkway
Victoria, TX 77904
Size
23.12 acres (10.38 units/acre)
Strategy
High going-in yield with value-add opportunity
Debt
65-70% LTV fixed I/0 with Freddie Mac
Description
3-story garden-style
Year Built
2015
Units
240
Avg. Unit Size
894 sf
Effective Rent
$1,097/unit, $1.23/sf
Occupancy
97%