IncomePlus Fund

District at Memorial

Houston,

TX

Total Required Equity
$16,000,000
Asset Type
Multifamily
Investment Objective
Growth
Hold Period
3+ Years
Investment Date
3/1/2020

Investment Summary

Built in 2016, District at Memorial is a 326-unit Class A apartment complex in the Memorial City and Energy Corridor submarket of Houston. The property’s location along a major local interstate provides great visibility and direct access to Houston’s largest employment centers. The property is also directly across from Houston’s premier shopping center, providing tenants with a live-work-play environment inclusive of over 45 restaurants and numerous employees. Our investment strategy with District at Memorial is to achieve operational upside and get rental rates to market levels in a partnership with the property’s original developer.

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