Limited Partner

Star Southwest 220 Units

Star Southwest is a commercial multifamily real estate investment located in Southwest Houston, offering a mix of value-add opportunities and cash flow yield to maximize investor returns with a conservative underwriting approach. This 220-unit garden-style property, built in 1982, is situated in a B-class location surrounded by major employment hubs. Sourced off-market through a broker relationship, the asset features an ideal unit mix of 78% one-bedroom and 22% two-bedroom units, with spacious floor plans averaging 740 SF. Additionally, the property boasts a range of amenities, including a pool, picnic area with BBQ grills, and a community courtyard/play area.

Limited Partner

Star Westheimer 330 Units

Acquiring commercial multifamily real estate in the Houston market, focusing on properties that offer a blend of value-add opportunities and cash flow yield to maximize investor returns while maintaining a conservative underwriting approach. This A-class, 330-unit garden-style community, built in 1967, is located near the Houston Galleria, surrounded by major employment hubs. Sourced off-market with no competition, Star Westheimer features an ideal mix of one-, two-, and three-bedroom units with carports. The property offers spacious floor plans averaging 915 SF and boasts extensive amenities, including two pool areas, a fitness center, a picnic area with BBQ grills, and a business center.

Limited Partner

Star Voss 810 Units

Star Voss is a B-class property in an A-location, currently operating as Park at Voss. This 810-unit garden-style multifamily community, built in 1971, is situated in the premium Galleria/Uptown submarket of the Houston-The Woodlands-Sugar Land MSA, surrounded by major employment hubs and key highway systems. Just one mile from our 330-unit Star Westheimer property, it offers economies of scale for property management and renovations. We are acquiring the asset for $79K per unit, a 20%+ discount compared to 18-24 months ago, with no competition from other buyers. The property has substantial operational upside, with below-market rents and potential for unit renovations to increase rent. Star Voss features a mix of studio, one-, and two-bedroom units with spacious floor plans averaging 754 SF, and boasts a wide range of amenities, including a ballroom, pool area, fitness center, tennis courts, and beach volleyball court.