Phoenician Apartments
2345 Bering Drive, Houston, TX, 77057, US
264 units
Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the unique opportunity to purchase a fee-simple interest in Aston at Cinco Ranch (The “Property” or The "Asset"), a 228-unit apartment community in the heart of Houston's most desirable suburban neighborhood, Cinco Ranch.
Aston at Cinco Ranch offers an exceptionally differentiated living experience, combining resort-style amenities, spacious renovated floorplans, and attached garages to create a true community feel. The property sits in the heart of Cinco Ranch, ranked by Niche.com as the "#1 Best Place to Live in Texas". Aston at Cinco Ranch is conveniently located adjacent to Westheimer Parkway, a bustling main road in Houston, and just a few minutes away from Hwy 99, providing easy access to Houston's major employment hubs. Aston at Cinco Ranch offers the perfect blend of serene suburban living and convenient urban access, ideally positioned near West Houston's most affluent neighborhoods within the highly acclaimed Katy ISD, the top-ranked school district in the Houston metropolitan area. Aston at Cinco Ranch is poised to experience significant rent and other income growth, thanks to strong recent property performance, along with elevated household incomes and home values in the surrounding area. With existing land use limiting the development of new communities in the surrounding area, Aston at Cinco Ranch presents investors with a one-of-a-kind opportunity to acquire an asset with strong in-place cash flow in Houston's top suburban submarket.