Bellestone Villas

Bellestone1

Investment Rationale

  • Good SE Houston location, visible from Interstate 45 and nearby to schools, commercial, transportation and employment centers, including Hobby Airport, the Houston Ship Channel and surrounding areas.
  • Asset under leased at acquisition with immediate opportunity for rent grown through repositioning and improved management.
  • Desirable unit mix and property density allowing for effective operation of asset.
  • Investment allowed Opportunity for long term growth in stable market, while placing proceeds of 1031 Tax deferred exchange, deferring tax liability on profits.
  • Located in proximity to Glenbrook East, Delta Lodge, Casa Anita allowed for creation of economies of scale to improve operations of all assets.

Current Status

  • After stabilization and a hold period, Bellestone Villas Apartments was sold in 2011, in a market rate transaction.