Multi-housing / PRS

Lansbourough

10010 Cullen Blvd Houston, Texas United States 77051
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Confidentiality Agreement Executive Summary
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2006
Building Area
Occupancy 95.0 %

Property description

Lansbourough is an ultra-low density community with above-market unit sizes. It has a diversified unit mix with 80% LIHTC and 20% market-rate units. Current rents are below maximum achievable rent levels in the program, yielding a substantial rental income boost immediately attainable under new ownership.

Investment highlights

Lansbourough is a 176-unit, garden-style community with a convenient, close-in location to Central Houston. It was developed in 2006 utilizing Low-Income Housing Tax Credit (LIHTC) equity under Section 42 of the Internal Revenue code. The community offers stable cash flow with low turnover and immediate income upside. It is available below replacement cost and on an all cash basis.
Last Updated Date: 04 Aug 2020

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.
Last Updated Date: 04 Aug 2020

Do you have any questions?  Visit our FAQ page

View FAQ Page

Similar Properties

View more
View listing
Multi-housing / PRS
St James Village US - Houston, TX
View listing
Multi-housing / PRS
Parc at 505 US - Houston, TX
View listing
Multi-housing / PRS
The Edge at Lafayette US - Lafayette, LA
View listing
Multi-housing / PRS
Lakewood on the Trail US - Dallas, TX
View listing
Multi-housing / PRS
L2 Uptown US - Dallas, TX
View listing
Multi-housing / PRS
Chelsea on Southern US - Dallas, TX
View listing
Multi-housing / PRS
Toscana US - Dallas, TX
View listing
Multi-housing / PRS
Ashton Oaks - McKinney US - McKinney, TX
View listing
Multi-housing / PRS
Stillwater Student Housing US - Stillwater, OK
View listing
Multi-housing / PRS
Aspen Heights Starkville US - Starkville, MS
View listing
Multi-housing / PRS
Hillside Commons US - Tuscaloosa, AL
View listing
Multi-housing / PRS
Aspen Heights Springfield US - Springfield, MO
View listing
Multi-housing / PRS
125 96th Street US - Brooklyn, NY
View listing
Multi-housing / PRS
165 East 71st Street US - New York, NY
View listing
Multi-housing / PRS
1672 Third Avenue US - New York, NY
View listing
Multi-housing / PRS
349 East 82nd Street US - New York, NY
View listing
Multi-housing / PRS
17 West 82nd Street US - New York, NY
View listing
Multi-housing / PRS
43 West 54th Street US - New York, NY
View listing
Multi-housing / PRS
Pinehurst West US - Seattle, WA
View listing
Multi-housing / PRS
1301 Third Avenue US - New York, NY
View listing
Multi-housing / PRS
413 West 22nd Street US - New York, NY
View listing
Multi-housing / PRS
Residential property in South Brandenburg for sale DE - Sonnewalde
View listing
Multi-housing / PRS
The Printworks, Preston UK - Preston
View listing
Multi-housing / PRS
2262 Market Street US - San Diego, CA
View listing
Multi-housing / PRS
The Verano and The Moderne US - Stamford, CT
View listing
Multi-housing / PRS
Palmera Pointe US - Tampa, FL
View listing
Multi-housing / PRS
The Paragon US - Chicago, IL
View listing
Multi-housing / PRS
The Bentley at Maitland US - Orlando, FL
View listing
Multi-housing / PRS
River North Park US - Chicago, IL

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.

Learn more