Tree Tops apartments: execution of a covered land investment opportunity

Tree Tops represented the opportunity to acquire an off-market, positively trending, boutique apartment complex located in the strongest rental market in Houston, Texas. The property offered an affordable alternative to newly completed units in the submarket and sits on ~2.32 acres of prime redevelopment land, offering a high degree of optionality on exit and a covered land yield during the hold.

This transaction was executed by one of the principals of Ojala in a separate partnership and is currently being held for cash flow and long-term investment.

Transaction Background
Entity:
Tree Tops Investors, LP
Investment:
112 Unit Class-B Multifamily
Strategy:
Covered land acquisition
Location:
Houston, Texas
Investment Date:
July 2013
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