Source: Abode Properties / #Apartments #Multifamily
ROSENBERG, TX - Abode Properties announced its most recent transaction, adding another Class A multifamily asset to its steadily growing portfolio. The Waterford at Summer Park in Rosenberg, Texas, to its family of Class-A multifamily residential properties.
The property is situated within easy walking distance of Brazos Town Center, where you will find the city’s best amenities. This 196 unit apartment complex was built in 2013. The Waterford at Summer Park is conveniently located next to U.S. Highway 59 (I-69) and a short drive to Sugar Land’s Town Square, Constellation Field and all Ft. Bend County’s employment centers. The nearby Grand Parkway offers quick and easy access to Katy, West Houston and the Energy Corridor.
“We are excited to add this new asset to our portfolio. The Waterford at Summer Park is another example of our commitment to maximize the underlying values in each of our asset classes. With its great location, vast array of amenities and affordable pricing, this property is one of the most compelling places to live in Rosenberg,” commented Daniel J. Moos CEO and President of Abode Properties.
Abode is immediately poised to address existing and future demand for quality multifamily residential housing. Greater shareholder value will continue to be created through the investments in both acquisition and development of sustainable Class A multifamily housing in focused secondary and tertiary markets. These markets, generally, represent high-growth suburban areas, where an increasing population and strong economic conditions signal long-term and resilient demand. Accordingly, Abode’s seasoned executive leadership and expertise will continue to strategically manage cash flow, revenue, capital, and reserves, while focusing on increasing the overall equity base, optimizing leverage, and ensuring market diversification.