12-Unit Duplex Property | Houston, Texas | Acquired August 2015 | Current Holding
KEY FACTS
| Asset Type |
Duplex Property – 12 Units |
| Location |
Houston, Texas
|
| Acquired |
August 2015 |
| Financing |
No Mortgage – Held Free & Clear |
| Gross Property Value Increase |
Approximately +300% since acquisition |
| Estimated Value |
$900,000 – December 2022 |
INVESTMENT OVERVIEW
Harvard Apartments is a 12-unit Houston residential property acquired in August 2015, one month after Bonn Echo Duplexes. The acquisition formed part of the principal’s early strategy of building a concentrated portfolio of smaller residential assets at an attractive entry basis.
OWNERSHIP & VALUE CREATION
- Held without mortgage debt, supporting a patient ownership approach and reducing exposure to interest-rate and refinancing risk.
- The smaller unit count allows the property to remain manageable while contributing income and equity to the broader portfolio.
- The investment reflects a focus on smaller Houston assets that may receive less attention from larger institutional buyers.
CURRENT POSITION
Harvard Apartments remains an active holding. Its estimated value was approximately $900,000 as of December 2022, representing an estimated increase of approximately 300% from the acquisition basis.
LOCATION
Harvard ApartmentsHouston, Texas