Investment Overview

Amenities

Row and Surf Studio • Gym • Beer Garden with Sound Stage • Indoor Playground • 2 Dog Parks • Boat and RV Parking • Package Lockers • Expanded Truck/SUV Garages • Pool • 2 BBQ Areas • Coffee Bar • Lemonade Hotline • Outdoor Living Room • Gated Community • Game Lounge

Interior Amenities

Granite Countertops • 2 Tone Kitchen Cabinets • Engineered Wood Floors • Stainless Steel Appliances • Full-Size Washer & Dryer • Semi-attached Garages • Reserved Parking

Area Overview

Baytown, TX

Located in Baytown, Texas, the Vic at Southwinds is only 20 miles from Downtown Houston, within 35 minutes of Houston Hobby Airport and within 55 minutes of Houston Intercontinental Airport. Houston is readily accessible via Interstate 10, a major thoroughfare running through the north side of Baytown. The City encompasses an area of 34 square miles with an estimated population of 71,358 for 2006. Baytown boasts a rich environment, history, and economic heritage. It is surrounded by six bays and the Houston Ship Channel, which has led not only to the development of a booming petrochemical industry, but also a variety of recreational activities centered around the area’s waterways.

Major Employers in the Area

Major Retailers in the Area

Market Overview

Spearheaded by $10.4 billion dollars of investment by energy giants such as Exxon and Covestro, Baytown, Texas has experienced extremely favorable growth metrics. The 3-mile radius of the subject property is expected to have a 18.9% population increase by 2026. Supported by mid and down-stream oil and gas investment, The Vic at Southwind’s 3 mile median household income is $97,744.73, 64% larger than the median household income of the state of Texas ($59,750) and 55% larger than the median household income of the United States ($63,179). The nature of these massive investments, mostly in mid-stream and down-stream oil and gas sectors, further supports the market dynamics of the area, as they are largely insulated from short term fluctuations in oil price and demand. Additionally, this job supply is largely immune from COVID-19 related macroeconomic trends, attracting investors searching for COVID-19 insulated yield.

Market Supply

Market supply and development pipelines are severely restricted by City of Baytown zoning, preventing newcomers to the market. These strong market fundamentals have translated well to multi-family rents. The Baytown market has provided investor friendly year over year rent growth, with a 28% increase in one-bedroom rents from 2011 to 2021 YTD. We firmly believe this limited supply and strong population growth will continue to propel rent growth.

Rent Comparables

Meet the Sponsor

Established in 1984, Hunington Properties offers a complete range of real estate services to tenants, owners, equity investors and joint venture partners across the multifamily, retail, industrial and land sectors across Texas. As a development & brokerage firm, Hunington brings together unrivaled expertise, dedication and vision to provide sustainable value for our clients. Our experience and insight allow us to identify and capitalize on market trends often well in advance of our competitors. The firm leverages our insight and experience to maximize returns for its partners.

For more information, please contact:

Solomon Nwokedi

Email: solomon@redswan.io

Phone: +1(713)-360-7928