13-Unit Townhouse Community | Houston, Texas | Acquired July 2018 | Current Holding
KEY FACTS
| Asset Type |
Townhouse Community – 13 Units |
| Location |
Houston, Texas
|
| Acquired |
July 2018 |
| Financing |
No Mortgage – Held Free & Clear |
| Gross Property Value Increase |
Approximately +381% since acquisition |
| Estimated Value |
$2.31 million – December 2022 |
INVESTMENT OVERVIEW
Brittmoore Townhouses is a 13-unit townhouse community in Houston acquired in July 2018. The property adds a different residential format to the portfolio and provides diversification alongside apartments, duplexes, condominiums, and manufactured housing.
OWNERSHIP & VALUE CREATION
- Held without mortgage debt, supporting long-term ownership and predictable property-level capital structure.
- The townhouse format broadens the portfolio’s residential product mix while remaining within the Houston market.
- The ownership approach has emphasized stable occupancy, cash flow, and long-term equity growth rather than short-term disposition.
CURRENT POSITION
Brittmoore Townhouses remains an active holding. Its estimated value was approximately $2.31 million as of December 2022, representing an estimated increase of approximately 381% from the acquisition basis.
LOCATION
Brittmoore TownhousesHouston, Texas