Source: Trive Capital Real Estate
HOUSTON, TX - Trive Capital Real Estate announced its acquisition of Madison on the Lake, a 392-unit multifamily property located in Southeast Houston. This acquisition was completed in partnership with Sentinel Peak Capital Partners, an established multifamily operator with ownership experience in the property's immediate submarket.
Located minutes from Hobby Airport, Madison on the Lake offers lakefront access and several acres of green space in an urban setting with easy access to the area's employment hubs. The property's highly desirable community amenities include two large swimming pools, one of which overlooks the lake, an updated fitness center and clubhouse.
"The acquisition of Madison on the Lake is an exciting opportunity that is well-positioned for long-term value creation through unit and common area improvements. The community offers residents a unique living experience at an attainable price point and should perform well through economic cycles. We are thrilled to partner with Sentinel Peak on such a compelling project," said Troy Daniel, Founding Partner of Trive Capital Real Estate.
"Trive's real estate team is focused on opportunities characterized by off-the-run sourcing, value-add potential, and strong investment fundamentals. Madison on the Lake checks all of these boxes and is a great fit for our strategy," added Conner Searcy, Managing Partner of Trive Capital.