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Westridge

WR

Westridge (NRG Portfolio)- 256 units

2501 Westridge St. Houston, TX 77054

Westridge (NRG Portfolio) is a Class B, centrally located asset in Houston.  It was purchased in an off market transaction at an attractive price.  The property was in need of interior modernization and better revenue management. Units were outdated and rents 15% below market.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.