マルチハウジング/PRS

Life at Emerald Oaks

7440 TX-6 Hitchcock, テキサス アメリカ合衆国 77563
希望価格 価格に関するお問い合わせ
NOI NOI(運営純収益) 該当なし
キャップレート 該当なし
希望価格 価格に関するお問い合わせ
NOI NOI(運営純収益) 該当なし
キャップレート 該当なし

開示資料

データルームでこの物件の開示資料を閲覧する

秘密保持契約約に同意します。
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
秘密保持契約約に同意します。 秘密保持契約約に同意します。
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.

特性

竣工年月 2001
延床面積
敷地面積
Number of units 160

物件詳細

The Life at Emerald Oaks is garden-style, low-density multi-housing community in Hitchcock, Texas, centrally positioned between Houston and Galveston with 20-minute commutes to both destinations. The 2001 vintage,160-unit asset is immaculate, well-maintained, and primed for growth in a barriers-to-entry submarket. It offers a natural pathway to significantly raise income due to the ability to increase rents on legacy LIHTC units that are transitioning to market-rate, the continuation of value-add interior renovations, and the opportunity boost other income with utility reimbursements and monetization of garage rentals on the converted units. The Life at Emerald Oaks is available on an All Cash basis.

インベストメント ハイライト

  • Ultra-low density, large site with abundant, park-like greenspaces
  • Well-maintained with little to no deferred maintenance
  • Strategic unit mix for suburban location with 70% 2B and 3B units
  • 160 detached garages available (1:1 ratio with units)
  • Exiting Low Income Housing Tax Credit (LIHTC) program, completed the Qualified Contract (QC) program, and will complete decontrol period in December 2021
  • 40% of units or 63 units total will be available to convert to market-rate units and renovate at end of decontrol period, or when the units turn, whichever occurs first
  • LIHTC units currently average $226/month lower rents than market-rate renovated units
  • 11 classic units available to upgrade on turns
  • Add $36K in incremental revenue per year on converted LIHTC units with RUBS implementation
  • Increase other income by adding and increasing garage fees, which currently are available for no charge or at below-market rates of $15-$30/month
  • Add washers/dryers to classic and converted LIHTC units for $40/month premiums
  • Implement valet trash for additional $20/month fee on all 160 units
  • Additional rental income, utilities reimbursement, other income gains should equate to an incremental $800K+ of NOI per year
  • Increase competitiveness by adding poolside and courtyard grilling areas and by adding amenities with underutilized green spaces
  • Market-rate comparables in submarket are averaging 31% higher average rents
  • 47% premium to own in area and constrained renting options with only 29% of area housing stock as renter-occupied
  • #5 ranked multi-housing submarket in Houston (out of 42) for overall performance, including 5.8% rental rate growth over the past 6 months (annualized)
  • Zoning restrictions in Hitchcock prevent multi-housing overbuild, resulting in limited existing Class A supply
  • Class A rents have increased 34% in submarket since 2015
  • 2.9% and 3.3% projected average annual rent growth over the next three years in submarket by Axiometrics and YardiMatrix respectively
最終更新日: 20 Oct 2020
Christopher Young
Christopher Young
Senior Director, Capital Markets
ライセンスの詳細
TX-630674
Joey Rippel
Joey Rippel
Senior Director, Capital Markets
ライセンスの詳細
TX-654288

メールアドレスは、会社登録のアドレスをご入力ください。個人メールアドレスまたはGmailやYahooメール等のフリーメールアドレスは場合は、ご返信ができない場合がございます。

リクエストの送信にエラーがありました。 もう一度試すか、こちらまでお問合せください

 

プライバシー通知
ジョーンズ ラング ラサール(JLL)並びにその子会社・関連会社は、不動産に関わるすべてのサービスをグローバルに提供する総合不動産サービス会社です。JLLは責任をもって自社で取り扱う個人情報を保護します。
原則として、個人情報はお問い合わせに応える目的で収集されます。
JLLが収集した個人情報は適切なセキュリティ対策で保護するよう努め、正当な事業上または法律上の理由によって必要とされる限り保管します。その後は、安全に確実に情報を削除します。JLLによる個人情報処理方法の詳細については、プライバシーステートメントをご覧ください。

最終更新日: 20 Oct 2020

Do you have any questions?  Visit our FAQ page

信託受益権は、信託財産である不動産価格の変動によって価格が変動し、投資元本を割り込むリスクがあります。不動産価格は、所在するエリアの人口や新規供給物件数の増減、金利・為替の変動、税制変更、地震等の災害による滅失・毀損、経年劣化、土壌汚染等の隠れた瑕疵の発見等の影響によって変動します。

当社の法令等の遵守について以下にて表明しておりますので、ご確認ください。

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  ファイナンス

JLLは皆様の資金調達とポートフォリオ管理をお手伝い致します。
今すぐEメールでご連絡下さい。あなたのアンビション達成をどうお手伝いすることが出来るかお調べします。