Bridgewater Apartments - SOLD
Bridgewater apartments - SOLD
Acquisition Manager: Patrick Magliaro
Number of Units: 206
Year Built: 1979
Acquisition Date: January 2018
Disposition Date: October 2020
Bridgewater Apartments is a 196-unit conventional multi-family community located in Tomball, TX.
The property is located half a mile east of Highway 249, and positions itself well located to major employment in the area; most notably being Tomball’s recognizable healthcare district, less than a quarter of a mile from the property.
Bridgewater Apartments is a perfect alignment for our adjusted strategy in today’s market. It presents an opportunity to acquire an already stabilized asset in a high-growth area with minimal exposure to major capital expenditure items, while still being able to create additional revenue through an interior value add program as well as exterior capital improvements such as desirable amenities.