QOZ Fund I

Forth at Navigation

Houston,

TX
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Total Required Equity
$20,093,823
Asset Type
Multifamily
Investment Objective
Development
Investment Date
September 2019
Projected IRR
14.00%
Projected Net Multiple
1.81x

Investment Summary

Forth at Navigation is a 300-unit, Class A multifamily development in the rapidly growing East End neighborhood of Houston, Texas. The site sits within an opportunity zone and is only minutes from many of Houston’s most popular restaurant and entertainment venues. The property is less than one mile from Houston’s central business district, which will make for a convenient commute to work for renters.
While the East Houston neighborhood is already burgeoning, Houston has also approved a $7 billion Highway Improvement Project that will significantly upgrade the accessibility and congestion around the property. The Improvement Project also contemplates large public event staging, recreational play fields, a children’s playground, retail and entertainment, historic displays, gardens and hike and bike trail connections. All of these additions to the surrounding area are expected to continue to transform the entire neighborhood, further benefiting Forth at Navigation.

Key Deal Points

The site sits within a Qualified Opportunity Zone, allowing investors to reap the benefits of deferring, reducing and eliminating realized capital gains.

Only minutes from popular restaurants and entertainment venues, and it's approximately one mile from Houston's Central Business District.

The city of Houston recently approved a $7 billion Highway Improvement Project that will significantly upgrade the accessibility and congestion around the property. The property will also benefit from the Improvement Project's other approved uses, such as large public event staging, recreational play fields, a children’s playground, retail and entertainment, historic displays, gardens and hike and bike trail connections

Explore our open investment opportunities.

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