The Oaks at Grand West
10415 Lancaster Frst Ln, Houston, TX, 77051, US
147 units
Asset Description
Jones Lang LaSalle ("JLL") presents the opportunity to acquire Amber Pines at Fosters Ridge, a premium 124-unit detached home community in Conroe, near The Woodlands. Built in 2020, this best-in-class asset features spacious homes averaging 1,586 square feet, each with an attached garage and private yard. The property offers a unique blend of suburban living and urban convenience, with access to the highly-rated Conroe Independent School District.
Amber Pines at Fosters Ridge boasts modern amenities that support premium rental rates. The investment's appeal is heightened by limited competing supply in the area and its availability at a significant discount to replacement cost. These factors position the Asset for continued strong performance.
This offering represents a rare chance to acquire a distinguished property in one of Houston's most promising submarkets. With its strong cash flow, unique product offering, and prime location, Amber Pines at Fosters Ridge is poised for sustained growth and long-term value appreciation in the thriving greater Houston metropolitan area.
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Attributes
Number of units
124
Occupancy
93.5%
Year built
2020
Building area net
18,270 m²
Land area gross
7.52 ha
Media
Investment Highlights
- Best-In-Class, Differentiated Product
- Attached Garages and Private Yards in Every Home with Ample Community Amenities
- Perfect Blend of Suburban Living with Nearby Woodlands Urban Convenience
- Ideally Zoned to Conroe ISD (A Niche.com Grade)
- Strong In-Place Cash Flow and Property Performance
- Available at a Significant Discount to Replacement Cost
- Limited Competing Supply
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Amber Pines (0 Properties)
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Last updated
4 Mar 2025
