We are thrilled to announce Westworth Capital’s latest acquisition, a 228-unit Class A real estate multi family investment located in the vibrant community of Tomball, Northwest Houston. This strategic acquisition marks a significant milestone for our firm and underscores our commitment to delivering exceptional value to our investors.
Why We Love This Deal
Off-Market Advantage:
Our team seized a remarkable buying opportunity by securing this asset through an off-market process. Recent sales data in the area indicates a market value of $160k per unit, with an average area capitalization rate of 4.4% (Costar). However, we were able to acquire the property at an incredible $7M discount. This substantial savings positions us uniquely for long-term success.
Location Excellence:
Situated within the highly desirable Klein Independent School District and boasting A rankings by Niche.com, the location of this property offers exceptional appeal. Over the past 24 months, rents for all product classes in the submarket have seen significant growth, exceeding 10.3%. Leveraging our comprehensive business plan, we anticipate unlocking approximately $22M of potential value creation in this dynamic market.
We extend our sincerest gratitude to our investors for their unwavering trust and support. Your confidence in Westworth Capital drives us to pursue excellence in every endeavor. We eagerly anticipate the opportunity to nurture our relationship further and explore exciting future possibilities together.
Join Us for Future Real Estate Multi Family Investment Opportunities:
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For inquiries or further information on our next opportunity, contact us here.
