Whitney at The Heights
Whitney at the Heights is a multifamily value-add opportunity in the urban submarket of The Heights in the Houston MSA. This 186-unit 3-story garden-style urban property is 100% unrenovated with rental upside.
Location
Houston, TX
Investment Strategy
Value-Add
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Mar 2022
Status
Closed Investment Strategies
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Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$746,159.00
1.705553768331196%
Investor Equity
$9,202,623.00
21.035152475787783%
Senior Loan Amount
$33,800,000
77.25929375588102%
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Total
$43,748,782
100%
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