Completed
The Cobalt at Lake Houston
Humble, TX
Overview
Asset class
Real estate
Asset type
Multifamily
Strategy
Core plus
Funds
Balanced eREIT II
Flagship Real Estate Fund
Update
New acquisition
October 11, 2021
This investment fits into our broader strategy to invest in affordably-priced apartments across the Sunbelt.
Stabilized apartments near Houston, TX
View update
Asset type
Multifamily
Multifamily (MF) is a residential building designed to house multiple tenants. These properties can range from small to large apartment complexes with hundreds of units. With a boom in remote work and business-friendly local governments courting employers, more affordably-priced suburban apartment communities have generally experienced stable or growing demand. Multifamily’s resilient demand and scale enables us to leverage our integrated operating platform to drive long-term performance.
Our strategy
Core plus
Acquire and operate stabilized, cash flowing properties
- Expected variability of return: Moderate
- Timing of expected return: Begin earning income shortly after acquisition
- Primary expected source of returns: Rental income with some growth
This section is intended to provide a general overview of the Core plus strategy for educational purposes only, and is not meant to be representative of the specific details of any individual investment. All investments involve risk; there are no guarantees of any returns.
Associated funds
Balanced eREIT II
Open Real estate
The Balanced eREIT II acquires Class A multifamily primarily throughout the Sunbelt, following our consistent themes of affordable-priced residential, the attraction of lower-cost regions and the rise of remote work.
Flagship Real Estate Fund
Open Real estate
Our Flagship Real Estate Fund is designed to deliver long-term appreciation from a diversified portfolio of our most favored real estate investment strategies: build-for-rent housing communities and multifamily and industrial assets in the Sunbelt.