Rio Roble

TPCG

Rio Roble- 25 units

1502 Allendale Rd, Pasadena, TX 77506

Strategy

Rio Roble Apartments is a 25 unit class C property located in SE Houston near Interstate 45 and the 610 loop.  Close proximity to the downstream petrochemical sector of Houston and Hobby Airport. This was mishandled by an absentee owner with rents significantly below market and outdated finishes.  This represented an opportunity to immediately improve operations with our own management staff and implement a moderate rehab to push rents conservatively.