Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate 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.

Key facts

Year Built 2016
Building Area
Land Area ()
Number of units 414

Property description

Jones Lang LaSalle (“”JLL””) is pleased to present Arlo Memorial (“the Property” or “the Asset”), a 414-unit wrap-style apartment community located in Houston’s exclusive Memorial neighborhood. This four-story Class A community was built in 2015 along Interstate 10, visible to over 365,000 vehicles per day. Located at the intersection of Interstate 10 and N. Wilcrest Dr., the Property is highly accessible to some of Houston’s most travelled thoroughfares including Beltway 8 and Memorial Drive.

Investment highlights

  • Unparalleled Location Directly On Interstate 10, Visible to over 365,000 VPD
  • Institutionally Constructed & Maintained 2016 Wrap Product
  • Achieving 19% Lease Trade-Outs in the Last 60 days on new leases
  • Proximate to Top Employers, High Traffic Retail Destinations, and Affluent Neighborhoods
  • Features 16 Townhomes with Attached Garages and Back Yards
  • Zoned to Spring Branch ISD, a Top Ranked School District in Harris County
  • Impressive Demographics in a One-Mile Radius
    • $160,000+ Average Household Income
    • $600,000+ Average Home Value
  • Strong Class A Submarket Fundamentals
    • 13.1% YTD Rent Growth
    • 93.6% Occupancy
Last Updated Date: 31 Aug 2021
Dustin Selzer
Dustin Selzer
Senior Director, Capital Markets
Broker Licenses
TX-728983
Matt Kafka
Matt Kafka
Senior Managing Director, Houston Office Co-Head
Broker Licenses
TX-0474117

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PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 31 Aug 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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