HOUSTON, TX - The Frankforter Group is proud to announce its most recent acquisition, The Regard at Medical Center - a 319-unit Class A mid-rise rental community in the proximity of the Texas Medical Center in Houston.
The Texas Medical Center is the largest medical center in the world, and it is continuing its expansion with the TMC3 Campus, a $3.25B development project. Adjacent to it will be the site of the Levit-Green Development a $1B life science innovation district, which will further fuel the positive job migration in this market.
The property is close to the NRG Park, the largest sports & entertainment complex in the state, which hosts major events such as concerts, rodeos, tradeshows, other than being the home of the successful NFL team Houston Texans. In 2026, the NRG Stadium will host several matches of the 2026 FIFA World Cup.
Built in 2013, the property was acquired well below its replacement cost. Being anchored to the largest medical center in the world, along with a streamlined management process, is set to prime the Regard for strong rental growth.
We see tremendous opportunity here to enhance the living experience for the tenants by improving the overall look and feel of the asset.
“This will yield great result returns on our investment given the market rent gap compared to the current rents” said Stephane Benalal, Executive Director of Acquisitions at the Frankforter Group “Despite the current market / debt environment, the multifamily fundamentals are very strong, and we are still transacting given our creative yet disciplined approach to investing. We have many other deals in the pipeline across the Southeast and Sunbelt states.”
The Frankforter Group is bringing in best-in-class management – continuing our long-standing relationship with Greystar – that will improve the residents’ overall experience by enhancing the overall look and feel of the property and upgrading the amenities all common areas and interior units.
About The Frankforter Group: The Frankforter Group is a third-generation real estate investment and asset management firm with a focus on acquiring institutional grade multifamily and commercial real estate in Canada and the United States. The Frankforter Group has a proven track record of delivering meaningful returns to the group’s investors and is led by an experienced team with well over 100 years and more than $2.8 billion in transaction experience.