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Colliers sells single family rental portfolio in Greater Houston

Sold portfolio includes 60 single family rental homes

 

Colliers is pleased to announce the sale of a single family rental home portfolio located in the greater Houston MSA. The buyer was Dallas based Bridge Tower Properties and the seller was Houston based iProperty Investments. Jim Humphries of Colliers brokered the transaction on behalf of the seller.

 

"This portfolio was a great representation of the broader changes in SFR market and garnered some significant interest from quite a few large-scale investors," said Jim Humphries of Colliers. “This slightly newer vintage portfolio was in excellent condition and complimented the buyer’s existing portfolio in the Houston market. It was a true win-win, with the Seller completing an exit en masse and a Buyer with the opportunity to quickly add assets that complimented their current stock."

 

The investment portfolio consisted of 60 single family rentals homes with 61 units with full occupancy throughout the marketing process. All the homes are located in desirable suburban locations around Houston and have a median year built of 2005. The portfolio of homes feature a variety of sizes with more then half being three bedrooms and were leased on a yearly basis at market rates.

 

iPTX


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Jim Humphries

Senior Vice President

Houston

Jim Humphries joined Colliers in Houston in 2015 and is part of the Colliers Investment Services Group (CISG). He specializes in multifamily assets with an emphasis on properties within Texas and the Southern United States.

Colliers Houston’s ISG team takes a consultative approach to commercial real estate which includes developing and executing strategies that are both consistent with its clients’ objectives as well as feasible in the current market environment.

Jim has 10 years of multifamily real estate experience. Before joining Colliers, Jim was an  analyst with the HFF Houston Multifamily group where he was directly involved in more than $6 billion in transactions. In that role, his responsibilities included underwriting and market analysis for both existing and to-be-built acquisitions and dispositions.

Jim’s primarily focus is on multifamily investment services and capital markets. His responsibilities include multifamily investment sales, business development, financial and debt analysis, market research, due diligence and offering memorandum production.

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