Multi-housing / PRS

Heights at Park Row

13710 Park Row Dr Houston, Texas United States 77084-7361
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 2015
Building Area
Land Area ()
Number of units 342

Property description

Jones Lang LaSalle (“”JLL””) is pleased to present Heights at Park Row, a 342-unit wrap-style apartment community located in Houston’s Energy Corridor. The Property sits at the epicenter of West Houston’s growth, fueled by migration out of the urban core. This 2015 vintage class A asset is easily accessible along Houston’s major freeways, Interstate 10, Beltway 8 and Highway 6. With zero recently opened or under construction units in the submarket, Heights at Park Row provides investors an exceptional opportunity to acquire an institutionally developed and maintained asset in a second-to-none suburban location with proven potential to exceed prior peak rents.

Investment highlights

  • Institutionally Maintained Community with Value-Add Potential
  • Epicenter of West Houston's Growth Fueled by Westward Migration
  • Opportunity to Purchase Class A Product at a Discount to Replacement Cost
  • Zero Competing New Supply Within 2 Miles
  • Zoned to Katy ISD, #2 School District in Houston
  • Positioned to Return to Peak Pre-COVID Rents Early 2022
  • Affluent & Educated Demographics in a 1-Mile Radius
    • 53% of Households Earning over $100K
    • $152,000 Average Household Income
    • 75% are College Graduates
    • 29% Hold Masters Degree or Higher


Last Updated Date: 26 May 2021
Matt Kafka
Matt Kafka
Senior Managing Director, Houston Office Co-Head
Broker Licenses
TX-0474117
Dustin Selzer
Dustin Selzer
Senior Director, Capital Markets
Broker Licenses
TX-728983

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Last Updated Date: 26 May 2021

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