Minimum Bid: $18.500,000
Verandas at Bear Creek offers the opportunity to acquire a 160-unit garden-style multifamily community in the established and supply-constrained Bear Creek/Copperfield submarket of West Houston.
Strategically located near I-10 and Highway 6, the property provides direct access to the Energy Corridor and benefits from strong surrounding demographics and durable renter demand. Recent capital improvements exceeding $1.5 million have enhanced the asset, while in-place rents remain below market, presenting a clear path to revenue growth. Offered at an attractive basis relative to replacement cost, Verandas at Bear Creek presents a compelling value-add or core-plus investment with both stability and upside.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers. Ownership reserves the right to accept, reject, negotiate, counter, request best and final, or withdraw the offering.