Property Description

Built in 1974, Tree House Apartments is a Class C property consisting of 172 units, many with below-market rents. It is located near shopping centers in a quiet neighborhood in Longview, TX – the center of a metropolitan area of 300,000 people experiencing fast growth (projected 36.5% employment growth over the next 10 years). The investment strategy for this property after acquisition was to complete strategic renovations to increase rents to market value, stabilization of market rents, and resale of the property within 5 years of the purchase date (market and economic conditions permitting). The property was under-managed providing the opportunity to add value through improved management and operations.