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The Verdir at Hermann Park Webinar

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1000

+

units aquired

500

+

Total investors

$

120

M

Portfolio Value

The Verdir at Hermann Park

Houston, TX

  • 224 Units
  • 2004 Build
  • 229,180 sqft
  • Avg. Unit size 975 sqft
  • Strong Cash Flow
  • Flexibility
  • Demand Heavy Micro Market
  • Low Default Risk

Financial Overview

Financing & Underwriting

  • 2.5% Loan Assumption
  • 91% Occupancy
  • 1.28X DSCR
  • Exit Cap 4.4%
  • 62% LTV
  • 5.6% CoC
  • Average Rent $1,392
  • 70% Occupancy Break Even

Value Add Plan

How We Add Value

  • Modernize 99 Vintage Units
  • Exterior Uplift
  • Amenity Upgrades
  • Technology Packages

Renovations & Improvements

Plans For The Future

  • Units (flooring, cabinets, countertops, fixtures, backsplash)
  • Exterior (roof, paint, landscaping, HVAC)
  • Amenity (Clubhouse, pool, garage, gym, outdoor kitchen, corridors)
  • Technology (Nest thermostats, keyless door entry)

Accredited, Passive Investors Welcome

This offering is a SEC Reg D 506(c) and is open to accredited investors only. An accredited investor has either a net worth of $1 million, not including their primary residence, OR an annual income of $200,000 (or $300,000 if married) for the last two years and you have a reasonable expectation that it will continue.

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