Conroe, Houston suburb, Texas

Equity raised

>>>>Conroe, Houston suburb, Texas
Conroe, Houston suburb, Texas Hagshama 2018-07-10T15:52:04+00:00

Project Description

פרויקט נדל"ן להשקעה - קונרו, פרבר יוסטון, טקסס

Acquisition of residential complex (multifamily), which includes 140 housing units, improvement and sale in Conroe, Texas, USA. A yielding property that is expected to distribute current cash flows during the project period (according to the cash flow needs of the Property Company)

1200N Loop 336 West Conroe, TX 77301

Year launched

2018

Expected duration

60 months

About the neighborhood

Center map
Traffic
Bicycling
Transit

Conroe City is a suburb of Houston and is located 40 miles north of it (About 40 minutes drive). Conroe is a major employment center in the US, And employs 50,000 people in the fields of industry, oil and health services. According to the US Chamber of Commerce, Conroe was the fastest growing city in the US from July 2015 to July 2016, with annual growth of 7.8% (compared to the national average of 0.7%). The project is located close to I-45, connecting Houston, Dallas and located on Route 336, which surrounds Conroe. The area is full of businesses and within walking distance are Supermarkets, Walmart, Diner, Pizza Hut, a pharmacy and a branch of Subway. According to information and data received from the developer, in the past six years there has been an upward trend in the rental market in the area. Since the first quarter of 2017, the rental prices of the Class B Multifamily complexes in the region have risen by about 3%, and occupancy has kept the high rate of 94%, which indicates high demand for housing.

About the sponsor

The local entrepreneurial company, Augusta Real Estate Partners, is a real estate company owned by Richard Evan and his father, and is fully managed by Richard. The company specializes in locating, acquiring, managing and improving income-producing residential properties with an emphasis on Multifamily.

The opportunity

פרויקט נדל"ן להשקעה - קונרו, פרבר יוסטון, טקסס

Acquisition of residential complex (multifamily), which includes 140 housing units, improvement and sale in Conroe, Texas, USA. A yielding property that is expected to distribute current cash flows during the project period (according to the cash flow needs of the Property Company).

Other projects by the sponsor

Hagshama 2018-07-10T15:52:04+00:00

Conroe, Houston suburb, Texas

Acquisition of residential complex (multifamily), which includes 140 housing units, improvement and sale in Conroe, Texas, USA. A yielding property that is expected to distribute current cash flows during the project period (according to

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