Sunrise Briar Forest

Sunrise Briar Forest is a Class A multi-housing community in highly livable West Houston. The low-density community spans more than 10 prime acres in the Energy Corridor with enviable visibility, accessibility, and excellent area amenities. It is positioned for strong cash flows and long-term value appreciation. Sunrise Briar Forest is available on an All Cash basis.

• Below replacement cost
• 2014 construction, garden-style with open surface parking
• 94% occupied and 92% average occupancy since stabilization
• Current rents on rent roll are only 23% of average resident income
• Closest two properties have 9.9% higher rents
• Return to peak rent opportunity
• Private yard addition to select units would boost other income
• Waking distance to parks, grocery-anchored shopping, and all zoned schools
• One of only 6 communities in submarket zoned to #5 elementary school in Houston ISD
• #6 highest rental rates in Houston outside Central Houston
• Zero new multi-housing supply and significant premium to own in submarket
• Affluent area demographics - $123,011 average household income and $426,416 median housing value
• Energy Corridor (300+ companies, 107K+ jobs) proximity
• Only 9% energy exposure on current rent roll
• 4 of top 10 major employers in Energy Corridor non-energy related
• Permanent need for housing in area with 9X more jobs than housing units