INVESTMENT OPPORTUNITY webinar - Kendubay Properties

NEW MULTIFAMILY
INVESTMENT OPPORTUNITY
HOUSTON, TEXAS

IRR

Avg. annualized returns

X+

Equity Multiple

ELAN MEMORIAL PARK INVESTMENT SUMMARY

2016

Built

297

Units

8

Retail Spaces

3-5 years

Holding Period

70/30

cashflow spilt with GP

$83,500,000

Purchase Price

$25M

Equity Amount

97%

Occupancy

50/50

profit split after 2.15x

2016

Built

297

Units

8

Retail Spaces

3-5 years

Holding Period

70/30

cashflow spilt with GP

$83,500,000

Purchase Price

$25M

Equity Amount

97%

Occupancy

50/50

profit split after 2.15x

WHAT YOU WILL LEARN

An in-depth Overview of Elan Memorial Park
A complete breakdown of projected profit returns and tax benefits
Amazing benefits of investing in multifamily assets
Detailed business plan for this project.
Benefits of investing in Houston, Texas.
Investment structure and financing options available for the project.

The current market trends and demand for multifamily housing in Houston, Texas.
The competitive advantages and unique features of Elan Memorial Park.
Strategies on how to maximize returns and minimize risks.
Sponsor's experience and expertise in acquiring and managing this type of asset.
A Q&A session where you can ask anything and everything about this investment opportunity.

Don't miss out on this opportunity
to supercharge your portfolio

FULLY REALIZED INVESTMENTS

Underwritten

Value Increase

$7M

Holding Period

5yrs (60 months)

Equity Multiple

IRR

15.9%

Avg Annualized Return

20.6%

Exit Total Return

103%

ACTUAL

Value Increase

$20M

Holding Period

3yrs (38 months)

Equity Multiple

3.59X

IRR

50.11%

Avg Annualized Return

81.78%

Exit Total Return

259%

Underwritten

Value Increase

$4.75M

Holding Period

5yrs (60 months)

Equity Multiple

1.96X

IRR

15.9%

Avg Annualized Return

19%

Exit Total Return

96%

ACTUAL

Value Increase

$13.55M

Holding Period

2.8yrs (32 months)

Equity Multiple

2.7X

IRR

51%

Avg Annualized Return

56%

Exit Total Return

170%

TAKE YOUR INVESTING TO THE NEXT LEVEL
If you have BIG financial goals and want to play in the
big league of real estate investing…

WHY YOU SHOULD INVEST ON THIS ASSET

Exceptional accessibility to destination of choice:

The asset location offers direct access to multiple transportation options allowing residents to quickly reach Houston's largest employment centers and best lifestyle amenities.
Memorial Park:

Next door to the largest urban park in the United States. With an estimated value of about $1B, residents certainly have access to many amenities including a golf course, arboretum, botanical garden, playgrounds, various sport playground, hiking and much more.
Lifestyle:

The residents enjoy an abundance of retail centers, restaurants, entertainments, and nightlife. The asset itself boasts 8 on-site premium retail outlets.
Affluent demographics:

Affluent demographics: Very strong affluent tenant demographic with an average household income of $166K. Tenants earn about 7X of what they pay in rent. Houston's two most prestigious private schools are 4 miles away.
Housing affordability

With an average home sale price of $1.9M, this is one of the wealthiest areas in Houston. Home prices are well out of reach for local residents, thus renting is the best option. The average rent at Elan is about $2000, compared to a monthly mortgage of over $7,000.

Rents:

The rents are well below what many comps are achieving with some charging well above $1,000 compared to Elan Memorial. New leases over the last 12 months shows 8% rent increase and 18% rent increase in the last 13 leases in the beginning of 2022. The 2021 rent growth in the submarket was 23%
Other income:

A significant opportunity to grow other income by over 100K.
Expense reduction:

Opportunity to reduce controllable expenses by about 15%.
Sponsor's experience:

The sponsorship team owns and operates nearly 1,000 units in the Houston MSA providing excellent experience and understanding of the market.
Submarket Performance:

#1 core submarket in the Houston area for overall performance and #3 in the entire metro for rent growth and absorption.
Robust Economy:

190,000 jobs within a 3 mile radius and 20,000 employers within a 3 mile radius