An apartment located in the country of USA, specifically in Houston, is currently available for investment. Priced at $15,000 per share, this property offers an estimated minimal return of 23% with a total value of $31,896,950. EquityMultiple is presenting investors with a $2.0M LP equity investment opportunity sponsored by Disrupt Equity to facilitate the acquisition of a 405-unit, 88% occupied multifamily, workforce housing property in Houston, TX. The community boasts various amenities including a clubhouse, pools, outdoor grills, a dog park, and a game room, all conveniently situated near major roads connecting to Houston’s employment centers.

Although the property has undergone $3.9M in renovations by the seller and is in good condition, it was part of a distressed liquidation, allowing the Sponsor to acquire it below market value at $26.8M. This represents a 30% discount compared to similar properties and a ~21% discount to Green Street’s current valuation of $33.7M. The purchase price also reflects a 6.6% cap rate on the trailing 12-month net operating income (“NOI”).

Disrupt Equity, a vertically integrated commercial real estate investment firm specializing in multifamily acquisitions, is the Sponsor behind this opportunity. With over 30 years of combined experience in real estate and multifamily investments, the Sponsor has acquired more than $750M of real estate and possesses extensive local knowledge and property management capabilities, with headquarters located just 10 minutes from the Property.

The Sponsor plans to leverage its professional leasing and management teams to capitalize on the Property’s mark-to-market opportunity. Currently, the blended in-place rent at the Property stands at $872/unit, representing a ~17% discount to market rates. Recent renovations by the previous owner have enhanced the unit interiors, clubhouse, and exteriors, with new lighting, paint, roof, and landscaping. An additional $3.0M has been allocated by the Sponsor to further enhance the Property’s appeal.