Aria at Rollingbrook

Aria at Rollingbrook is a Class A, garden-style multi-housing in Baytown, 25 miles southeast of Downtown Houston. The low-density, 240-unit community is well-located within five minutes of Baytown’s two largest employers and one of its power retail intersections. Aria at Rollingbrook has excellent value-add potential with market support and is available below replacement cost on an all cash basis.

Value-Add Potential for New Ownership

• Light interior updates are recommended
• Only community in comp set without granite or quartz countertops
• Add private yards for premiums and differentiate in market
• Can repurpose or update amenities to improve competitiveness

Market Support for Rent Growth

• Barriers-to-entry submarket with zoning restrictions 
• Limited Class A competition and zero new supply underway
• Comp set averages 12% higher rents
• 5.5% average annual rent growth projected for 2022-2023 by Axio

Proximate to Baytown’s Largest Demand Drivers

• Less than 1 mile to Houston Methodist Baytown Hospital (1.8K jobs)
• Less than 2 miles to ExxonMobil (3.8K direct jobs + 3.2K contractors)
• Port of Houston (67K jobs) anchors local economy
• Port of Houston is #2 largest petrochemical complex in world
• Petrochemical industry is less susceptible to oil price volatility
• Planned local expansions and projects expected to add 1000s of jobs