54-Unit Property: Acquire a stabilized, cash-flowing property 18% below market.
Price: Originally listed at $4.6M, now being acquired at nearly $1M discount, offering immediate equity.
Financing: Acquired using agency debt with a competitive interest rate and 10-year term (3 years interest-only), with potential for refinance in 36 months.
Revenue Growth: Unrenovated units are $150-300 below market, and renovated units have potential for $100-200 rent premium.
Value-Add Potential: Property set to increase equity by $1.8M over 36 months through increased revenue and NOI.
Prime Location: Just 20 minutes from downtown Houston, with easy access to transportation.
Operator Expertise: Experienced operator with a strong track record in Houston to drive operational efficiency and maximize returns.
Job Growth: Average household income has increased by 21.1% since 2010, reflecting a thriving local economy.
Population Growth: As the fourth largest metro area in the U.S., Pasadena’s population has grown 14.5% since 2010, continuing to rank among the top cities for population growth.
Location: Just 20 minutes from downtown Houston, the area is home to 24 Fortune 500 companies and ranks as one of the best places for business and career opportunities.
Positive Rent Growth: As of Q2 2024, Pasadena has seen a 3.4% YoY rent increase, showing a strong upward trend in rental rates.
Low Vacancy Rate: Pasadena’s rental vacancy rate is 7.6%, significantly lower than the general Houston vacancy rate of 6.75%, indicating high rental demand.
August 2025 : Closing on Project
September 2025 : Property Renovations Begin & Leasing Efforts
October 2025 : Target for Full Occupancy & Ongoing Operations
Complete Packet: Review and complete the investment packet.
Sponsor Review: Sponsors review and accept your packet.
Wire Funds: Wire funds ASAP — limited slots available.
Offering Closed: Offering closes once all slots are filled.
Tim has over 15 years of experience in multifamily investments and manages an 8-figure portfolio. A retired U.S. Army professional, Tim is also an insurance agent helping clients secure long-term financial stability. He mentors others and is deeply involved in his community’s growth and development.
John has been in real estate investing since 2013, with experience as a General Partner in over 1,000 multifamily units. He specializes in building trust-centered relationships and identifying strong, faith-aligned investment opportunities. John mentors business owners and holds a degree in Economics from Texas A&M University.
Kevin leads Everflow's strategy, acquisitions, and investor relations. With over 12 years of experience, he has a passion for relationship-building and helping businesses grow. Kevin currently manages $5.4M in assets and is active in his community, including coaching high school hockey.
The minimum investment is $100,000.
The preferred return is 8.5%, with a target IRR of 20.0% and a target equity multiple of 2.0X.
This investment is stabilized with value-add upside. The strategy includes increasing revenue through unit renovations and rent increases.
The property is 94% occupied at the time of purchase.
The projected hold period is 3-5 years.
Over the 36-month interest-only period, the value of the property is expected to increase by $1.8M due to rent increases and renovations.
The property will be acquired using agency debt, with a 10-year term (3-year interest-only period), and there is an anticipated refinance opportunity at 36 months.
Investors will receive quarterly reporting and quarterly distributions.
The Garner Park Apartments are located in Pasadena, TX, just 20 minutes from downtown Houston, providing tenants with easy access to employment, retail, and entertainment.
Yes, as with any private security investment, there are significant risks, including loss of capital. It is essential to consult with your financial advisors and attorney before proceeding with the investment.
IRR: 20.0 %
Preferred Returns: 8.5%
Projected Growth: $1.2+mm
Project Hold: 2-5 years
28.8% IRR
8% Preferred return
Projected Growth: 1.1mm
Project Lenth: 18 months
37.1% IRR
8% Preferred return
Projected Growth: 730k
Project Length: 14 months
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