property added value

  • Lakewood Houston Texas

Lakewood – Real Estate Update

Below is another solid update for the Lakewood apartments in Houston, Texas, which is part of the CalTier Fund 1 portfolio of participating investments. At the end of last quarter, Lakewood was 90.9% occupied and 91.6% pre-leased. While these numbers are very good, the property had several unexpected and abrupt move-outs in Q4 last year. This, paired with the slower leasing of the season, resulted in lower occupancy numbers than would be ideal. However, in response, the team has increased its focus on occupancy and is now seeing positive trends in leasing traffic. The property’s increase in income contributed to ...

April 23rd, 2024|