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Camino Del Sol

CDS

Camino Del Sol- 122 units

1120 Red Bluff Rd. Pasadena, TX 77506

Strategy

Camino Del Sol is a Class C asset located in South East Houston.  It was purchased in an off market transaction at an attractive price.  Previous owners ran the property poorly and were known to be bad operators. Units were outdated and rents 20% below market.  This represented an opportunity to acquire an asset at a significant discount to replacement cost and through a series of low-moderate cost rehab, implement an attractive interior package to push rents significantly.