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Harper's Retreat

A beautiful, 216-Unit, Class A property in The Woodlands, Texas

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Get to know the deal

Take a look at what we've done in the past and explore our site to learn what we are working on for the future.

$33.1MM

Purchase Price

$14.5MM

Equity Raise

$50,000

Minimum Investment

97%

Currently Occupied

6 Year

Holding Period

$50,000

Minimum Investment

 

Building wealth through quality assets.

Our infrastructure is designed to help grow wealth.

For real estate investors, this means investing alongside a strong team and in properties with potential for appreciation, with the intention of profiting at the time of sale. Additionally, ideal properties may even offer monthly or quarterly distributions over the course of ownership.

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Tour the property

Take a look at what we've done in the past and explore our site to learn what we are working on for the future.

 

Invest Today

Interested? Please fill out the form below to receive a copy of the exclusive offering memorandum.

Thanks for submitting! Please check your email.

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Building wealth through quality assets.

Our infrastructure is designed to help grow wealth.

For real estate investors, this means investing alongside a strong team and in properties with potential for appreciation, with the intention of profiting at the time of sale. Additionally, ideal properties may even offer monthly or quarterly distributions over the course of ownership.

 

Building wealth through quality assets.

Our infrastructure is designed to help grow wealth.

For real estate investors, this means investing alongside a strong team and in properties with potential for appreciation, with the intention of profiting at the time of sale. Additionally, ideal properties may even offer monthly or quarterly distributions over the course of ownership.

HarpersRetreat_common-9-1024x684.jpg
Image by S.Ratanak

Building wealth through quality assets.

Our infrastructure is designed to help grow wealth.

For real estate investors, this means investing alongside a strong team and in properties with potential for appreciation, with the intention of profiting at the time of sale. Additionally, ideal properties may even offer monthly or quarterly distributions over the course of ownership.

Leadership & Operations

Our Team

DUSTIN MILES

MANAGING PARTNER

Dustin is one of the founders of Momentum Multifamily. He focuses on the strategic direction, acquisitions and asset management of the Company.

HAYDEN HARRINGTON

MANAGING PARTNER

Hayden is one of the founders of Momentum Multifamily. He focuses on the acquisitions efforts and asset management of the Company.

RUBEN ORTIZ

DIRECTOR OF CONSTRUCTION

Ruben oversees all aspects of construction & renovation projects. From writing up scopes, creating proposals and leading a team of contractors to complete large-scale renovation projects.

 

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The Location

Market Overview:

Following several woes during the second half of this cycle, Houston’s economy is facing another test. Rent growth was flat on a trailing three-month basis as of March. After COVID-19 pushed oil prices to an 18-year low, the energy sector was hit hard and many of the metro’s jobs were impacted. With unemployment claims across the state skyrocketing, Houston’s economy will likely continue to contract. Last year, Houston gained 88,000 new jobs, with trade, transportation, and utilities (20.3 percent) accounting for the largest share of the employment base. Despite job growth in the metro surpassing the 1.8 percent U.S. rate by 100 basis points last year, the statewide stay-at-home order has impacted all sectors. Although construction was deemed essential, many contractors temporarily closed their doors, and supply chains were disrupted. An encouraging sign came from the Small Business Administration, which approved loans across Texas totaling nearly $22 billion—more than any other state—through April 13. The Paycheck Protection Program is a lifeline for small businesses struggling to remain open because of the health crisis. Investor appetite remained high during the first quarter of 2020, following last year’s $4.8 billion total transaction volume. The high number of completions during the past five years combined with the robust development pipeline and the effects of the pandemic will likely keep rent growth flat.

Submarket Overview:

The Garden Oaks Submarket is an excellent submarket fundamentals with limited supply in the immediate area, with only 2 apartments under construction. The submarket has experienced occupancy growth of 3.7% over the last year with forecasts projecting rate growth to continue upward. The population within a 3-mile radius has grown 15% between 2010 - 2019 and is projected to increase 7.6% in the next five years. Within a 3-mile radius, the average household income is $93,048 and the average home value is $406,000.

 

 

Invest Today

Interested? Please fill out the form below to receive a copy of the exclusive offering memorandum.

Thanks for submitting! Please check your email.