Building A Brighter Future
3133 Southwest Freeway, Houston, TX
3133 Southwest Freeway is a recession resistant 27,000 sq. ft. existing building on almost a full acre of land. This is an exclusive trophy asset located in the heart of Houston, Texas, with a legacy branded location, with dual access off Southwest Freeway and Westpark Drive. The size and location of this site are perfect for a future vertical development.
3100 & 3104 Edloe Street, Houston, TX
The Edloe Forum portfolio includes two adjacent office buildings acquired in January of 2019. These properties are prominently positioned along W. Alabama Street and Edloe Street, in the heart of the Greenway Plaza submarket between Houston’s Central Business District and the Galleria. Both buildings are nestled directly in between two of Houston’s most affluent and prestigious neighborhoods: River Oaks and West University Place. Both properties will undergo interior renovations to upgrade the space from a Class C office space to a Class A by putting approximately $1M of renovations into the common area spaces of both buildings, while steadily increasing rental rates to achieve market rates for the location.
2520 Fairmont Street, Dallas, TX
This office building underwent a Class D to Class A conversion in a premier location situated in Uptown Dallas. This area has been some of the most sought out real estate in the Greater Dallas Metropolitan area.
230 Westcott, Houston, TX 77007
Situated in the heart of Rice Military in Houston, this Class A office building underwent major renovations from 2012 to 2013 and has been a highly sought asset by many due to its location, size, and accessibility to the Houston Metro area.
17030 & 17040 NW Freeway, Houston, TX
This new development consists of a 6,000 sq. ft. free-standing emergency room and a 12,000 sq. ft. Medical Office Building that was completed in 2019. Phase II of construction is expected to commence in 2020 and will consist of a 19,000 sq. ft. retail strip coupled with a 3,000 sq. ft. pad site available for ground lease.
1324 N Shepherd Drive, Houston, TX
Located in one of the hottest real estate markets in Houston, this asset was acquired in 2017. Just under 1.25 acres of land, 1324 N Shepherd is being developed into a 24,000 sq. ft. retail center with frontage to one of Houston’s most prominent thoroughfares in the Heights. Construction of this retail center is expected to be completed in 2020.
I-10 & Garth Road, Baytown, TX
Assembled nine acres on the feeder of I-10 & Garth Road. This will be constructed as an emergency room including retail/mixed use.
614 Park Street, Baytown, TX
This is a Baytown retail center. After purchase, this project entailed a light rehab and was leased prior to sale. On this 24-month project, we received a 122 percent IRR.
5116 Alba Road, Houston, TX
Candlelight Gardens is a 64-unit Class C property. This asset is one of three multi-family properties part of The Candlelight Portfolio that has been acquired in 2019. The Candlelight Portfolio is unique as it will be undergoing a Class C to Class A conversion consistent with the other two properties in the portfolio. The Candlelight Portfolio consists of Candlelight Manor and Candlelight Estates, all two centrally located in the Garden Oaks subdivision totaling 220 units across all three properties.
818 Pinemont Drive, Houston, TX
Candlelight Estates is a 68-unit Class C property. This asset is one of three multi-family properties part of The Candlelight Portfolio that has been acquired in 2019. The Candlelight Portfolio is unique as it will be undergoing a Class C to Class A conversion consistent with the other two properties in the portfolio. Multi-Family specialist Gary Bethel will be overseeing the renovation process over the next 24 months. Gary has worked with the Conti Group out of Dallas and has vast experience with Class C to Class A conversions.
712 Pinemont Drive, Houston, TX
Candlelight Manor is a 88-unit Class C property. This asset is one of three multi-family properties part of The Candlelight Portfolio that has been acquired in 2019. The Candlelight Portfolio is unique, as it will be undergoing a Class C to Class A conversion over the course of the next 24 months.
721 Curtin Street, Houston, TX
Curtin Apartments is a 24-unit Class C property located in the Garden Oaks Subdivision. This property was acquired in September of 2019 and is another addition to ZEG’s multi-family portfolio for value-add renovations. The Garden Oaks community is one of the earliest planned communities in Texas and is located approximately four miles northwest of Downtown Houston.
4411 North Shepherd Drive, Houston, TX
Garden Oaks Village Apartments was acquired in late August of 2018. This asset has substantial upside. Prior to acquisition, almost all units were receiving under market rents making this property a great candidate for a major value-add renovation. Located right off the intersection of 43rd Street and North Shepherd Drive, this asset is also an excellent land play while major developments continue to be planned/completed nearby.
638 Heidrich Street, Houston, TX
Kentwood Apartments was acquired in 2016. Situated on 0.93 acres, this multi-family apartment building was built in 1963. This asset was receiving under market rents making it a perfect candidate for a major renovation and is a fantastic land play in the Garden Oaks subdivision with the abundance of new development occurring in the area.
306 Westcott Street, Houston, TX
Located down the street from 230 Westcott, this vacant lot has immense upside potential. Whether it is a single-family home or a small office building, this location is centrally located in one of Houston’s premier neighborhoods making this a Grade A asset.