DEAL TIME! Parkway Flats Investment Opportunity

Sponsor: Saber Equity

Learn about Saber Equity's Parkway Flats investment opportunity

DEAL HIGHLIGHTS

Sponsor: Saber Equity

Deal name: Parkway Flats

Asset Class: Class A apartment building

Investment type: equity

Deal Size: $45.6 million

Equity requirement: $11.5 million

Preferred return: 8%

Projected IRR: 21%

Projected Emx: 2.14x

Minimum investment: $50,000

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More information about Saber Equity's Parkway Flats investment opportunity

 

Strategy

Saber Equity provides a structured opportunity for new and/or experienced investors to participate in real estate investing which makes building wealth accessible for investors looking to broaden their portfolio. Saber Equity provides a structured opportunity for new and/or experienced investors to participate in real estate investing which makes building wealth accessible for investors looking to broaden their portfolio. They specialize in real estate investments that have an opportunistic value-add component, and partner with local operating partners that have significant market knowledge and excellence in operating success. 

 

 

Executive Summary

Together with their partners, Saber Equity has acquired the Parkway Flats, a Class A community located within the heart of West Houston’s Urban Core (250k+ employees). The Property is well positioned to benefit from limited future supply, as there is just one asset currently under construction and only one other has been delivered since 2017. Additionally, Parkway Flats benefits from affluent surrounding demographics, as the average household income is $92k within a 1-mile radius of the Property. The asset’s desirable location, strong demographic base, and constrained supply pipeline suggests the asset is well positioned for outsized future rent growth.

 

 

About the Presenter

Charlie Rushton, Managing Partner

Charlie is a seasoned investor and multifamily syndicator with a heavy focus on the Texas and Arizona markets. He has extensive experience in both capital raising and asset management. Previously, Charlie was in hospitality industry focusing on large hotel renovations both in the US and internationally. With over 33 years of experience in real estate and hospitality, Charlie brings wisdom and significant market insight to Saber Equity investments.