280 Unit 2005 Build Premier Apartments in Houston

DISCOVERY AT WEST ROAD

HIGHER Preferred RETURNS for GW Capital Investors

93% Occupancy | 5.3% Fixed Agency Debt | >18% Projected AAR

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Cortland Med Center, Houston
SOFT COMMIT

* This is a Rule 506(c) offering for Accredited Investors Only

Class A - Minimum Investment $50,000 | Class B - Minimum Investment $500,000
Class A - Minimum Investment $50,000 | Class B - Minimum Investment $500,000
To qualify must have > $200k in income (or $300k joint income) in last 2 yrs or > $1 MM in net worth

TIMELINE

DEFINITION OF ACCREDITED INVESTOR (PLACE HOLDER)


You qualify as an Accredited Investor if you meet any of the following criteria:

a) You earn over $200,000 in annual income,

b) You, together with your spouse earn over $300,000 in joint annual income,

c) You have a net worth, exceeding $1,000,000 (excluding the value of primary residence) individually or together with spouse.

Thank you for your support and trust in us & for another great quarter of investing in strong assets in strong markets!

GW Capital is positioned strongly to take advantage of the opportunities that are coming our way and we can't wait to grow with you.

We are super excited to announce our State of Market & Q2 GW Capital Portfolio Performance Update for August 22nd at 5pm PST on ZOOM as always, our focus will be on:

- State of the Market

- Interest rates, Real estate market forecast & more

- Q2 Performance of GW assets acquired

- How GW Capital is mitigating risk to maximize upside with time for Q&A

Our ultimate goal is to help you build a recession resilient portfolio with the Highest risk adjusted returns all the while focusing on absolute transparency.

The Investment landscape has changed significantly over the past 12 months. With a rapidly changing debt market and historical inflation some may sit on the sidelines. We on the other hand are
perfectly positioned to seize the opportunities that are coming our way and we can’t wait to grow with you in 2024 and beyond!

A 280-Unit Apartment
Investment Opportunity

93% Occupancy | 5.3% Fixed Agency Debt

After months of diligence across multiple Houston submarkets, we’re excited to present an investment that aligns with GW Capital’s strict underwriting standards.

Discovery at West Road is a stabilized, 2005-built, 280-unit asset in Houston’s Jersey Village submarket, being acquired at a significant discount to replacement cost—just $157K per door versus ~$220K replacement. Backed by a light value-add strategy and minimal CapEx, the business plan is engineered for cash flow day one with upside from operational efficiencies and enhancing additional income streams.

This is a rare and exciting opportunity to acquire an institutional-grade asset with distress via a loan maturity, with the sellers taking ~20% loss on this property, forcing a sale. With our partners owning 1,400+ units within a 10-mile radius of the property, we will capitalize on the seller’s operational inefficiencies to drive revenue optimization and expense savings.

Why We Love This Deal?

Market Highlights:

  • Located in Houston’s Jersey Village submarket, 20 minutes from the Energy Corridor, Westchase District, Galleria/Uptown, and Downtown

  • Limited new multifamily supply—no new construction within a 3-mile radius

  • Zoned to highly ranked Cy-Fair ISD schools, with Gleason Elementary directly across the street

  • Affluent area with an average household income of $117K within a 1-mile radius, projected to grow 14.4% by 2029

  • Nearby corporate expansions from Apple and Nvidia adding 3,000+ jobs within proximity

Deal Highlights:

  • 2005 year-built, stabilized asset with 93%+ average occupancy

  • Purchased ~20% below seller’s basis and significantly below ~$220K/unit replacement cost

  • Conservative 65% LTV Freddie Mac financing, 5-year term, full-term interest-only at ~5.30%

  • Strong operational history delivering a 5.32% expense-adjusted going-in cap rate

  • Minimal CapEx risk: prior ownership invested ~$3M in renovations

  • 6.51% stabilized yield on cost with a projected 5.25% exit cap

Business Plan:

  • Implement a $120 monthly amenity fee via bulk Wi-Fi and enhanced amenities

  • Optimize utility billbacks, including adding trash reimbursement

  • Drive operational efficiencies leveraging ownership of 1,400+ units within 10 miles, Conservative Core Plus Business Plan

  • Light value-add strategy (12.7% revenue growth over 24-month stabilization) aiming for: 6% average Cash on Cash return, 18% Average Annualized returns and 1.9x Equity Multiple to our investors.

Cortland Med Center, Houston, TX

Business Plan

Discovery at West Rd, Houston, TX

Investment Summary

GW Capital and partners are pleased to present Discovery at West Rd, a 280-unit, 2005 year built apartment community in the Houston, TX area.

Property Tour

Community Amenities

  • Resort-Inspired Swimming Pool w/ Sundeck

  • Stucco and stone architecture

  • Clubhouse with Wi-Fi

  • Billiard Room

  • Internet Cafe

  • Fitness Center

  • Outdoor Grill area

  • Covered Breezeways

  • Covered Parking (select units)

Interior Features

  • Ceramic tile entries and kitchens

  • Cherry wood cabinetry with nickel hardware

  • Black-on-black kitchen appliances

  • Kitchen Pantries

  • Breakfast Bars

  • Built-in bookshelves

  • Computer Desks

  • Full-size washer & dryers

  • Nine-foot ceilings

  • Ceiling fans

  • Master bath double vanities

  • Master bath double vanities

Investment Timeline

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If you have any questions please feel free to message us at [email protected] or if would like to learn about our latest opportunities, feel free to book a call with our team:

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Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments. We are not financial professionals, and is not a brokerage, dealer, or SEC-registered investment advisory firm.