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
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%
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
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%
