Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2016
Building Area Net
Land Area Net ()
Number of units 270

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the unique opportunity to purchase a leasehold interest in Avenue Grove (The “Property” or The “Asset”), a 270-unit concrete apartment complex at the doorstep of Levy Park, Houston’s most vibrant urban greenspace. This trophy Asset is the sole residential community within the award-wining Kirby Grove mixed-use development, contributing to the symbiotic, live-work-play atmosphere onsite. Ideally located just off Richmond Avenue just west of Kirby Drive, the Property is walkable to Houston’s most prestigious neighborhoods, popular employment centers and top-tier retail and entertainment concepts. Avenue Grove’s exceptional quality, friendly ground lease terms and prime location presents a one-of-a-kind opportunity to invest in one of the highest performing markets in the country. Exceptional rent growth momentum throughout Houston, coupled with an influx of residents and world-renowned employers has created an opportunity for investors to capitalize on the tremendous rent growth occurring in Urban Houston and at Avenue Grove.

Investment Highlights

  • Exceptional, Trophy Asset
  • Intentionally-Constructed, High-Quality Product
  • Access to Houston's Premier Urban Experiential Real Estate Concept
  • Located in the Heart of Houston's Most Affluent & Educated Demographics
  • Potential to Significantly Increase Market Rents
  • Center of Gravity for Houston Office Demand
  • Central to Houston’s Top Employment Centers
  • Highly Sought-After Walkability in Urban Houston
  • Favorable Ground Lease Terms
  • Discount to Replacement Cost


Last Updated Date: 04 Aug 2022

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Last Updated Date: 04 Aug 2022

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