News of our latest value-add acquisition in Houston has appeared in several media outlets since the recent press release. Greybrook’s latest partnership with MarlinSpring Investments was featured on the Canadian Business Journal, ConnectTexas, and various other websites, highlighting the unique opportunity to execute a value-add program on the existing properties to increase value and improve operational efficiencies. Enhancements range from base building upgrades, including modernizing common areas and upgrading infrastructure, to in-suite improvements like installingnew flooring and fixtures, upgrading appliances, and water retrofitting.
Spanning approximately 39 acres, the two properties are comprised of 566 garden-style residential townhomes located near the Romano Woods neighbourhood, just a short drive from downtown Houston. The amenity-rich properties offer tenants two clubhouses, fitness centres and resort style pools, as well as convenient access to surrounding educational institutions, retail hubs, and the Houston Northwest Medical Center.