Class A+ Multifamily Investment Opportunity in Houston, Texas

Parkside at Memorial is a best-in-class multifamily community in a high growth suburb of West Houston. It is strategically designed and located to stand apart from its peers and generate above-market rents, as evidenced by double-digit lease trade outs this fall.

The community is next to four major HQ campuses in the heart of the Energy Corridor. It is zoned to Katy ISD, the # 1 school district in the Houston metro, and residents are steps away from Terry Hershey Park. There are no comparable sites in this market. Parkside at Memorial is available below replacement cost and on an All Cash basis.

Leasing Momentum:​ Lease trade outs signed since August are averaging 11.9% higher rents.

Best-in-Class:​ Incomparable breadth of amenities and top-of-the market, custom designed interiors with a carefully curated unit mix that includes 18.5% townhomes with attached garages.

Rare Park Proximity: Walking and biking distance to Terry Hershey Park, a popular 500-acre greenbelt in West Houston with 12 miles of hike and bike trails.

Built-In Demand:​ Walking and biking distance to four HQ campuses for global firms with 13K total jobs total in the area and average annual salaries of $88K to $125K.

#1 School District:​ One of only 5 Class A communities in the submarket zoned to Katy ISD, ranked #1 overall in Houston and a significant differentiator and demand driver for housing in the metro.

Outstanding Resident Demographics: Average household income of $122K on current rent roll.

Affluent Single-Family Market:​ $815K average price in adjacent neighborhood.

Limited New Supply:​ Only 1 property under construction within 3 miles and only 2 properties total underway in the submarket.

More Jobs than Houses:​ Energy Corridor has a permanent need for housing with 9X more jobs than housing units, as most of its land use is commercial.

Positioned for Growth: Demographic trends all point towards substantial population growth in West Houston and for it to outpace the Houston metro.

777 S Mayde Creek Dr, Houston, TX 77079

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