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Houston, TX

Crenshaw Grand

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The Opportunity

Crenshaw Grand was the off-market acquisition of a fully stabilized 264-unit, garden style apartment community at the intersection of the supply-constrained Pasadena and Clear Lake submarkets in Houston, TX. BCP acquired the property, developed in 2015, at a significant discount to prior area sales and replacement cost thanks to an accretive loan assumption of the seller’s in-place Freddie Mac loan and BCP’s existing relationship with the in-place property management company.

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Competitive Advantage

Lessons Learned

Property Location

Documents & Financials

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Investment Summary

Property Type:

Multifamily

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Strategy:

Core-Plus

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Address:

5400 Crenshaw Road, Pasadena, TX 77505

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Investment Date:

July 24, 2024

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Property Type:

Multifamily

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Strategy:

Core-Plus

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Address:

5400 Crenshaw Road, Pasadena, TX 77505

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Investment Date:

July 24, 2024

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Property Type:

Multifamily

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Strategy:

Core-Plus

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Address:

5400 Crenshaw Road, Pasadena, TX 77505

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Investment Date:

July 24, 2024

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Disposition Date:

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Hold Period:

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Total Capitalization:

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