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Southwest Houston Is a Hidden Gem for Multifamily Investors

CoStar Insight: Area Boasts a Plethora of Housing Geared Toward Middle-Income Households
The Summerwind Apartments in Pearland, Texas, was recently acquired by Chicago-based Waterton as part of a three-property deal. (CoStar)
The Summerwind Apartments in Pearland, Texas, was recently acquired by Chicago-based Waterton as part of a three-property deal. (CoStar)
CoStar Analytics
January 10, 2020 | 7:03 P.M.

Over 80% of Houston's multifamily sales within the past 12 months involved older, one- to three-star rated properties. In some cases these complexes were renovated, but more often, they have not undergone significant renovation since initial construction, presenting significant opportunity for a city that has a constrained supply of housing geared toward middle-income households that's quickly growing.

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