Madison at Bear Creek

Madison at Bear Creek

Madison at Bear Creek, a 180-unit, 1982-built multifamily property in Northwest Houston’s Bear Creek submarket.

Acquisition Date
Nov 3, 2022
Vintage
1982
Unit Count
180

Location

Bear Creek is a quality mid–upper workforce area, with extensive single family residential as well as national retail on Addicks-SalsumaRoad (TX-6) / nearby Copperfield. It is conveniently located to Houston’s major employment centers, with access via Northwest Freeway, I-10 / Katy Freeway, and the job-rich FM-1960 corridor.

Background

Lone Star has previously transacted with this brokerage group, and we already own in Bear Creek, key factors in reassuring the seller and securing the deal. We currently manages 300 units right next door (Timberwalk Apartments). Our local knowledge and hands-on attention will support execution of the business plan.

Business Plan

Previous ownership acquired the property over a decade ago. They have maintained the asset, but the 100% true “classic” interiors have fallen behind the market.

The value-add business plan includes premium unit upgrades such as new washer/dryer machines, smart home packages, carports, and refurnished common areas.

No items found.

Get in touch

To learn more about each other, please fill out the information below.

Are you an Accredited Investor?
Your message has been submitted.
We will get back to you within 24-48 hours.
Oops! Something went wrong.