Source: Williams-Meridian / #Apartments #Multifamily
HOUSTON, TX - Williams-Meridian Companies recently established and self-funded another real estate investment group to pursue multifamily apartment opportunities in major Texas markets based on the success of WMSE Investments I, the latter of which has a Firm target of acquiring over one hundred single family investment properties in Houston, TX within a two-year period alone.
Beyond WMSE Investments I, the newly formed subsidiary of Williams-Meridian will acquire, renovate and lease underutilized apartment complexes to a target stabilization point of 98% occupancy prior to resale. The Firm has a preferred investment horizon of three to five years prior to disposition of its real estate holdings. WMSE Investments II will initially focus on distressed income-generating properties or value plays in the Greater Houston area, San Antonio, Dallas, Austin, Corpus Christi and throughout the Rio Grande Valley.
Williams-Meridian targets a minimum of 50% to 100% cash-on-cash returns for all opportunistic investments or developments pursued on its principal positions.
Williams-Meridian Companies is a privately held, commercial real estate development firm that provides creative, full-service solutions to its valued partners. Based in Houston, Texas, Williams-Meridian offers a wide range of commercial real estate services to clients across the nation, including real estate consulting, corporate real estate strategies, leading or co-developing projects, or providing joint venture equity for select real estate investments and developments. The Firm does so within all stages of the real estate life cycle and across all asset classes.