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|Number of units||414|
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.
- 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