Kiam Square

Investment Rationale

  • Off market asset located in the desirable Houston Heights Submarket and the inner-loop is close to CBD, schools, and commercial.
  • Structurally sound property featuring a desirable unit mix, allowing for rehabilitation dollars to be spent where they would yield the highest upside.
  • Operational efficiencies when operated in conjunction with other inner loop sister properties.
  • Immediate upside in rents due to gross under leasing of units and poor management.

Current Status

  • After stabilization and a hold period, Kiam Square Apartments was sold in 2003, in a market rate transaction.