Cortland West Champions - Phase I and II_Actifs en vente
Cortland West Champions - Phase I and II_Actifs en vente
12330 N Gessner Rd; 12331 N Gessner Rd, Houston, TX, US

Cortland West Champions - Phase I and II

Description du portfolio

Jones Lang LaSalle (“JLL”) is pleased to present Cortland West Champions Phase I (Lighthouse) and Cortland West Champions Phase II (Tradewinds), two garden-style apartment communities located adjacent to one another in the Willowbrook/Champions/Ella submarket. The sites are ideally located within Cypress-Fairbanks ISD, Harris County’s #2 school district, proximate to northwest Houston’s most affluent neighborhoods. Additionally, the sites sit proximate to a wide variety of retail and employment centers, including Willowbrook Mall less than half a mile away. The Willowbrook/Champions/Ella submarket has experienced significant growth over the last three months, achieving 6% in rental rate growth. With strong average household incomes and home values in the surrounding submarket, these unique properties are poised for significant rent-growth potential.

Originally constructed in 2005 and 2007, Cortland West Champions I and II have been excellently maintained by current ownership and offer investors a chance to obtain two strong cash flowing assets in one of Houston’s most coveted suburban neighborhoods with rental upside. The Properties were originally constructed and operated separately by different owners and subsequently merged by current ownership. Both properties contain vital infrastructure to operate standalone and as such are offered as a portfolio or individually.


Caractéristiques de l'actif

Nombre d'unités
710 Unité de mesure
Surface de l'actif brut
64 337 m²
Cortland West Champions - Phase I and II (2 actifs)
Cortland West Champions - Phase I and II (2 actifs)


Points clés d'investissement

  • Incredible Location with Strong Surrounding Retail, Employment Centers, and Entertainment
  • Zoned to Cypress-Fairbanks ISD, Harris County’s #2 School District
    • With an overall score of A
  • Rent Growth Potential – Significant Discount to Mortgage with Income-Fueled Room to Grow
    • 43.5% Renter-Occupied Housing Units
    • $273,414 Average Home Values
  • Northwest Population Growth Fueling Strong Surrounding Demographics
    • $92,775 Average Household Income
    • 30% of the population earns over $100K
  • Proximate to top Northwest Houston neighborhoods including Willowbrook, Champions & Vintage Park
  • Highly accessible off Highway 249, 2 minutes from Beltway 8
  • Strong Sense of Community with Unique Natural Beauty
  • Impressive Submarket Performance
    • 6% rent growth in T3
    • Cumulative absorption outpacing deliveries over the last 10 years
Cortland West Champions - Phase I and II 4_Actifs en vente
Cortland West Champions - Phase I and II 4_Actifs en vente

Contacter l'équipe

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Dernière mise à jour
6 sept. 2023