Source: NOI Property Management / #Apartments #Multifamily
TOMBALL, TX - NOI Property Management announced another value add assignment for Cypress Pointe Apartments, in Tomball, Texas. Cypress Pointe is a mid-luxury apartment community located north of Houston, built in 2006. Renovations and pre-leasing have begun.
“Our Construction Services Team did another great job putting together a very efficient interior scope of work, and we fully expect our site team to pre-lease units as delivered, on time and within rent budgets for all floor plans. This asset has an excellent location, our costing is great and we are looking forward to a successful lease-up once again,” said V James Marfuggi, President of NOIPM. According to Marfuggi, NOIPM expects the return on capital to be over 400%. The first units will be delivered for occupancy in 3-4 weeks.
NOI Property Management LLC is a Texas based 3rd party multifamily management services company. NOIPM officers have operated over 3.5 billion in multifamily assets over the past 25 years in primary and tertiary markets across the United States.
NOIPM is best described as offering high impact management for both clients and residents alike. Adhering to best practices to exceed market performance, NOIPM focuses on operating basics, or what we refer to as “Performance Fundamentals." NOIPM offers clients a proven track record of success across multiple operating disciplines: conventional management, turnaround management, value add management, construction services management and new development lease-ups.