Bonn Echo Duplexes

20-Unit Duplex Community | Houston, Texas | Acquired July 2015 | Current Holding

KEY FACTS

INVESTMENT OVERVIEW

Bonn Echo Duplexes is one of the earliest acquisitions in the principal’s multifamily track record. The 20-unit Houston property was acquired in July 2015 during a period of attractive pricing for smaller residential assets. The investment established an early focus on entry-level workforce housing and long-term ownership in the Houston market.

OWNERSHIP & VALUE CREATION

• Held without mortgage debt throughout the ownership period, preserving flexibility and eliminating property-level refinancing exposure.
• Maintained as a long-term, income-producing residential asset rather than relying on a near-term disposition strategy.
• Ownership has focused on preserving equity while participating in the long-term growth of the Houston residential market.

CURRENT POSITION

The property remains an active holding. Its estimated value was approximately $2.40 million as of December 2022, representing an estimated increase of approximately 300% from the acquisition basis.