Oak Run Manor Apartments

Number of Units: 160
Year Built: 1982
Acquisition Date: April 2024

Oak Run Manor is located in the southeastern Houston suburb of Pasadena. With attractive assumable financing and current ownership presence in the submarket, Sentinel recognized the unique opportunity in terms of capital markets and economies of scale for operations.    

Provided the assets historical long-term ownership and hands-on management, Sentinel’s business plan encompasses operational efficiencies, moderate level interior enhancements upon unit turns, and exterior amenity improvements. In consideration of current inflationary pressure, the business plan is forecasting moderate rental rate increases over the term in order to maintain occupancy and market competition.