Hacienda Apartments is a portfolio of small apartment complexes and two single family homes totaling 131 units in Beaumont, Texas. All are located within neighborhoods adjacent to Lamar University, which accounts for why approximately 70% of the residents are students. The properties provide an affordable alternative to dorm living. Beaumont is situated at the heart of the "Golden Triangle" region in Southeast Texas that encompasses the Beaumont-Port Arthur-Orange metropolitan area. With an abundance of industry in healthcare, oil & gas, electricity, agriculture, and education, Beaumont and Southeast Texas have a thriving and diversified economy. Within walking distance of the properties, Lamar University employs 1,200+ faculty and staff for over 17,000 students. It offers 100 programs from bachelor's to doctoral degrees. In 2023, the Princeton Review named its MBA program amongst the best in the nation. Beaumont serves as the commercial and cultural hub of the region with various parks, museums, and shopping centers. A lower cost of living and a year-round outdoor climate makes Beaumont the ideal place to live. The is value-add opportunity to renovate 100% of the units, which are all in "classic" condition.