Multi-Housing

Amber Pines at Fosters Ridge

9811 Laurel Lake Dr Conroe, Texas United States 77384-2201
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2020
Building Area
Land Area
Number of units 124

Property Description

Amber Pines is a purpose-built, single-family rental community strategically located north of The Woodlands, Texas, a barriers-to-entry housing market, and zoned to top-rated schools inside The Woodlands. The Woodlands is Houston’s most desirable residential address outside the urban core and its best-performing suburban commercial real estate market. 


Amber Pines was developed by D.R. Horton, the largest volume builder in the United States since 2002, as part of its Fosters Ridge residential development. Amber Pines offers investors a high-quality product built by an industry leader, perfectly positioned with supporting demographics for long-term growth, in one of the most in-demand, emerging commercial real estate sectors. It is available on an All Cash basis.

Investment Highlights

  • Recently completed construction with rapid lease-up, averaging 14 move-ins per month since April
  • Stabilized the majority of its units within 7 months
  • 98% leased and 90% occupied with waiting list for available homes
  • 124 3B and 4B homes with an average home size of 1,586 square feet
  • All homes include 9’ ceilings, stainless steel appliances, full-size washer/dryers, private backyards with covered patios, and two-car attached garages
  • Residents have access to Fosters Ridge community clubhouse, swimming pool, and children’s playground
  • Potential to increase rents on second-generation leases and to add other sources of revenue (amenity fees and pet rent as examples)
  • 2.4 miles north of The Woodlands, currently ranked the #2 Best City to Live in the U.S. and #2 Best City to Raise a Family in U.S. by Niche
  • Zoned to the #1 High School in The Woodlands. Elementary, Middle, and Junior High schools are all rated 9/10 by GreatSchools
  • $1,488/month rent gap with homes to rent in The Woodlands
  • Significant premium to own in The Woodlands (+$3,153/month)
  • Average household income of $139,783 within one-mile radius compared to $83,777 in Houston
  • 4.1% annual population growth rate projected over the next five years within one-mile radius compared to 1.4% in Houston
Last Updated Date: 29 Oct 2020
Chris Curry
Chris Curry
Senior Managing Director, Capital Markets
License details
TX-0566750
Matthew Putterman
Matthew Putterman
Senior Director, Capital Markets
License details
TX-598192

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 29 Oct 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.