Strong leasing fundamentals (mid-90s+ occupancy with long-term weighted average lease terms), highly diversified tenants with focus on local businesses required for the neighborhood population that are not at risk to online retail, favorable submarkets, competitive lease rates vs comps, attractive locations with easy access to major thoroughfares, well-maintained with attractive curb appeal.
Increased NOI 15% since acquisition driven by higher rates on new leases, 12.5% of equity returned in 14 months
Increased NOI 118% driven by increased revenues while maintaining expenses
Increased NOI 10% in less than 6 months since acquisition
334K SF, 5 asset retail and office portfolio of recently built assets (between 2016-2020) across the Katy, Woodlands, and Conroe submarkets of Houston, TX. Marcel Town Center, Marcel Plaza of Katy, Marcel Commons Office, Marcel Commons The Woodlands, Marcel Boulevard at Grand Parkway.
Focus on multifamily, commercial, retail and hospitality opportunities