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Property Name: The Gentry
Address: 13925 Alderson St.
Houston, TX 77015
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Price: Market
Terms: Assumption
Units: 106
Occupancy: 98%
Total Square Feet: 69,340 sq. ft.
Proforma NOI: $206,404
Current NOI: $213,231
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Property Highlights

Tarantino Properties presents a now stable, 106 unit garden-style apartment community located in the Northshore/Woodforest submarket of Houston, Texas. The project is a 1980's construction featuring mostly brick/veener, pitched roof buildings with individual HVAC. The community offers multiple one and two bedroom floor plans averaging 654 square feet and a single three bedroom unit of 820 feet.

Repairs to a 2012 fire damage have all been completed and the project boasts post rehab occupancy levels in the mid to upper ninety percent. The months of January and February 2013 closed with minimal vacancy and delinquincy was non-existant.

The information contained in this offering material (“Summary”) is confidential, furnished solely for the purpose of the review by a prospective purchaser of the Property and is not to be used for any other purpose if made available to any other person without the express written consent of Tarantino Properties, Inc. The material is based in part upon information supplied by the owner of the Property (“Owner”) and in part upon information obtained by Tarantino Properties, Inc. from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only outlines of some of the provisions contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the material contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the property and the existence of any potentially hazardous material used in the construction or maintenance of the building or located at the site.
Have questions about this property? We can answer them.
Scott Gray
Senior Associate of Multifamily Brokerage
Lucas Fertitta
Multifamily Broker
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