New Passive Investment Opportunity
New Passive Investment Opportunity in Timber Ridge. Timber Ridge, a 704-unit community is located at 12200 Fleming Dr, Houston, TX. Built-in 1979, this low-density asset offers a new investor an exceptional opportunity to acquire an affordable value-add opportunity in a strong performing submarket. The property also features large floor plans as well as townhome-style units. Timber Ridge, Houston Texas 22.44% Target IRR 154.71% Target Total Returns in 5 Years 30.94% Target Ave. Annual Returns 10% Target Yearly Cash Flow Cash Flowing Investment Opportunity. Investment Highlights The I-10 East/ Woodforest/ Channelview submarket has seen impressive rent growth over the last 12-months, bouncing back from pandemic lows. For Class B properties, the T12 effective rent growth is outperforming the broader submarket and providing a strong foundation for Timber Ridge to operate on. The substantial increase in occupancy and rent growth coupled with high projected future rent growth wil...