13/08/2026

Austin Apartments

24-Unit Apartment Community | Conroe, Texas | Acquired February 2016 | Current Holding

KEY FACTS

Asset Type	Apartment Community – 24 Units
Location	Conroe, Texas
Acquired	February 2016
Financing	City Bank – Refinanced
Loan-to-Value	57%
Gross Property Value Increase	Approximately +335% since acquisition
Appraised Value	$1.275 million – 2021

INVESTMENT OVERVIEW

Austin Apartments is a 24-unit apartment community in Conroe, north of Houston. Acquired in February 2016, the property expanded the principal’s investment activity beyond Houston’s urban core into a growing suburban market with long-term residential demand.

OWNERSHIP & VALUE CREATION

Refinanced through City Bank at 57% loan-to-value, maintaining a substantial equity position in the property.
The refinancing provided additional capital flexibility while retaining long-term ownership of the asset.
The investment broadened the portfolio into a Houston-area suburban market and added a conventional apartment community to the operating track record.

CURRENT POSITION

A 2021 appraisal valued Austin Apartments at approximately $1.275 million, representing an estimated increase of approximately 335% from the acquisition basis. The property remains part of the current portfolio.

LOCATION

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Austin ApartmentsConroe, Texas

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