216 Units In Houston TX
Highland, 216-unit, 1994-built apartment complex in the Rosslyn submarket of Northwest Houston.
Highland is in the Rosslyn submarket of Northwest Houston, conveniently near the recently expanded U.S. Route 290 as well as Beltway 8. This location offers easy access to Houston’s major employment centers. Beckley is zoned to the highly acclaimed Cypress-Fairbanks Independent School District, the #2 rated best school district in Harris County (Niche.com).
H Squared Capital strategically collaborated with a key partner to successfully acquire Highland, initially presented within a four-property portfolio that faced setbacks amid the market's late 2022 cooldown. Our partners' steadfast monitoring of this venture uncovered an opportune moment for acquisition, coinciding with a recent softening in pricing. Leveraging their established transactional rapport with the broker and the HFC program's proven success, our partners reassured the seller and solidified the deal, showcasing the prowess of our collaborative approach and their ability to navigate complex market dynamics.
Highland has been placed in a tax-exempt Housing Finance Corporation (“HFC”) partnership with the Houston Housing Authority. This presents an outstanding risk-reward trade-off with an immediate NOI increase due to the tax exemption with minimal operational risk.
Highland is a part of a portfolio of a total of three properties, with Beckley and Meritage.