New construction 4plex project in Spring, TX

[Steve Olson]

Northwest Houston is one of the fastest-growing areas not only in Houston, but in the country. Exxon Mobil kickstarted the surge in population by announcing its three million SF campus, which began delivery in 2015. This attracted businesses, new development, and more people. Investment here has continued as the Grand 99 Parkway provides quick access to the Woodlands and West Houston, and new retail and apartment development have made this more of a live/work/play area. Long-term, Northwest Houston is poised to benefit from many of the factors that led to the strong growth earlier this cycle: People want to be in north Houston for the schools, jobs, affordability, and quality of life, and that isn't likely to change anytime soon. In the near term, a slowdown in construction should allow fundamentals to tighten, vacancies to lower and the trough of the market due to recent oil pricing deflation should be in 2018 with the rebound and surge of pricing and even lower vacancy on the horizon. There have been little to no townhome style multifamily developments and stacked flat apartments have been built in abundance. This poises our FIG townhome style fourplexes as a lucrative investor option.  Contact me for maps, proforma, etc.