A private market real estate investment opportunity is available for a Class A multifamily housing project in Houston.
The COOP @ EaDo is a ground-up development resulting in a five-story, 284-unit mid-rise structure east of downtown Houston. Strategically located in the EaDo submarket, the area surrounding the project has seen increased development in recent years and become a more sought-after area for residents.
The investment offering comes with benefits and perceived downside protection for investors. First, the advantageous initial basis cost of the land, which was acquired for $7.1 million. The land purchase breaks down to $56 per leaseable square foot (LSF) or $25,000 per unit, ...
Full story available on Benzinga.com
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The COOP @ EaDo is a ground-up development resulting in a five-story, 284-unit mid-rise structure east of downtown Houston. Strategically located in the EaDo submarket, the area surrounding the project has seen increased development in recent years and become a more sought-after area for residents.
The investment offering comes with benefits and perceived downside protection for investors. First, the advantageous initial basis cost of the land, which was acquired for $7.1 million. The land purchase breaks down to $56 per leaseable square foot (LSF) or $25,000 per unit, ...
Full story available on Benzinga.com
Continue reading...