MULTI-FAMILY

Laurelwoode

Laurelwoode
| 324 Class A Units


Off-market purchase of a well-designed apartment complex at a low cost per door.

Joint venture with an internationally known real estate group seeking a value-creation strategy with minimal downside risk.

PinPoint is implementing a precise capital improvement plan to modernize the existing facilities and allow rents to be marked to market.

Location
10333 Research Forest Drive
Magnolia, TX 77354
Size
12.85 acres (25.23 units/acre)
Strategy
Strong upside through value engineered capital improvement plan (interior and exterior)
Debt
70-75% LTV fixed I/O with major institutional lender
Description
3-story garden-style
Year Built
2008
Units
324
Avg. Unit Size
829 sf
Effective Rent
$964/unit, $1.16/sf
Occupancy
92%