Stonewood

Jones Lang LaSalle ("JLL") has been exclusively retained to present qualified investors with the opportunity to acquire a fee-simple interest in Stonewood (the "Property"), a 252-unit, three-story garden-style apartment community situated on 11.16 acres at 701 T C Jester Boulevard, positioned between The Heights and Memorial Park within Houston's inner loop. The Property is being offered on an all-cash basis.

Stonewood occupies a differentiated position inside the Loop, pairing proximity to The Heights, the Washington Corridor, and Memorial Park with the low-density scale and surface parking that newer urban product cannot replicate. Situated immediately north of Interstate 10, the Property offers seamless connectivity to Downtown, Uptown/Galleria, the Texas Medical Center, and the Energy Corridor, each within a sixteen-minute drive, while the Heights Hike and Bike Trail and Cottage Grove Park sit within a half mile.

The opportunity is defined by a proven, partially executed value-add program. Current ownership has renovated 137 of 252 units, achieving strong premiums on upgraded product, leaving 115 classic units as immediate runway for a new sponsor. Offered at a significant discount to replacement cost, the Property offers a durable basis advantage in one of Houston's most supply-constrained inner-loop submarkets.