HOUSTON, TX - Rockstar Capital is one step closer to our 10,000-unit goal with the acquisition of Steeplechase apartments in Alvin Texas. The new community marks Rockstar’s closing of our 3rd deal in the Alvin market, and an increase in portfolio size to 23 properties statewide. Acquiring Steeplechase has increased our unit count to 3,870 units, getting us closer to our ultimate goal of 10,000. An amazing win for Rockstar Capital, Steeplechase brings $348 million in total asset value. While the community is amazing, there are plans underway to bring Rockstar’s newest acquisition up to standard.
For the community’s rounds of rehab Rockstar has a lot of improvements and additions for the property. Starting with a 100% replacement and update of the HVAC equipment, an exterior paint program, replacement of exterior siding and patios, landscaping upgrades and tree maintenance. Additionally, Rockstar will be upgrading lighting, improving existing amenities, repairing roofs, and adding a dog park as well as an outdoor BBQ area. To keep up to date on all of these #RockstarRehab projects be sure to follow us on our Facebook page.
Steeplechase has a lot to offer residents when it comes to the surrounding community. Two other Rockstar communities, Newport Oaks and Meadow Park, are in close proximity allowing for ample staff-sharing opportunities between the properties. This ensures that the transition and training of employees will be smooth as experienced office and maintenance staff will be able to assist with any issues. Located right off of FM 35, Steeplechase is within excellent proximity to many of Alvin’s major employers and the Alvin Community College. This makes our newest community the ideal place for those already in the workforce and those studying to join it to call home.
Rockstar Capital couldn’t be happier about this acquisition and what it brings to the Rockstar portfolio.
About Rockstar: Rockstar Capital Management is a superior real estate organization founded in 2011 as an investment and property management company. With a dedicated hands-on approach, each of our communities are managed by a seasoned team of professionals that pride themselves in taking care of its managed properties and valued residents. Our highly motivated and well-trained team provide the highest quality of service and expertise in managing multifamily properties. Members of Rockstar Capital Management are top in the industry and have received numerous awards for workplace excellence.