Huntington Glen
12023 Bissonnet St, Houston, TX 77099Investment Details
Location
Huntington Glen, located in a prime area of Houston, presented a strong investment opportunity due to its ideal location and untapped value-add potential. At the time of acquisition, only 10% of the units had been renovated, resulting in an initial rent increase of $175 per unit. The property’s location on a busy avenue provided easy access to major employment hubs, making it highly attractive to professionals seeking quality housing.
Since taking over, Nord Group has successfully renovated over 60% of the units, achieving an average rent increase of $225 per unit. Additionally, we have revitalized communal areas and upgraded amenities, enhancing the overall resident experience. A strategic combination of rent renewals at 4-5% and targeted renovations has fueled significant NOI growth, positioning Huntington Glen as a high-performing asset within our portfolio.
Although Huntington Glen is now a stabilized asset with 93% occupancy, we continue to add value by completing renovations on the remaining 30% of the units. These ongoing efforts are expected to further improve the asset’s performance and long-term returns for investors.
g efforts are expected to further improve the asset’s performance and long-term returns for investors.