We have acquired The Townhomes at Woodmill Creek, a stabilized 171-unit apartment community in The Woodlands, Texas, for approximately $52 million. Situated 40 minutes north of downtown Houston, The Woodlands is a rapidly growing suburban market known for its high quality of life, strong employment base, and expanding rental demand.

The Houston metro area continues to experience strong population growth, with a significant number of professionals and families seeking high-quality rental housing in suburban markets like The Woodlands. Its proximity to major employment hubs, retail centers, and recreational spaces makes it a desirable living destination, ensuring continued rental demand and stable occupancy.

A stabilized property—meaning it maintains a 90%+ occupancy rate—offers immediate income generation with predictable rental revenue, making it a strong addition to our portfolio.

Income-Generating Asset: The property is fully leased, ensuring consistent rental cash flow from day one.

Prime Location in a High-Growth Market: The Woodlands is a top-performing Houston suburb, benefiting from strong economic fundamentals and sustained demand for rental housing.

Strong Tenant Demand: With a mix of professionals, families, and retirees, the area attracts long-term renters seeking high-quality housing options.

Resilient Rental Market: Houston’s steady job growth and corporate relocations continue to fuel demand for stabilized multi-family communities.

As more renters seek affordability and lifestyle-driven suburban living, well-positioned communities like The Townhomes at Woodmill Creek will remain highly sought after. This acquisition aligns with our strategy to invest in stabilized, income-producing properties that offer strong cash flow and long-term appreciation potential.