Willow Ridge Apartments

Willow Ridge Apartments

Acquisition Manager: Patrick Magliaro
Number of Units: 262
Year Built: 1979
Acquisition Date: June 2015

Willow Ridge Apartments is a 262-unit conventional multi-family community located in Southwest Houston.

The previous owner of Willow Ridge purchased the property in a distressed condition out of foreclosure in which he then spent over $3M in capital improvements renovating the entire exterior of the property.

The acquisition allowed our group to purchase a clean, newly renovated asset with very minimal capital improvements to the exteriors needed. This allowed us to focus the bulk of our budget on operational improvements and interior value-add.

Willow Ridge Apartments
Willow Ridge Apartments – Houston, TX