HOUSTON – Hilltop Residential, a Houston-based multifamily real estate investment company, has acquired a 288-unit apartment property located in Houston, Texas. Aura Memorial is a class A property that was built in 2015 and offers residents an array of high-quality amenities in an A+ west Houston location.
“We are excited about buying a class A property in an A+ location that we can add value to” said Greg Finch, president of Hilltop Residential. “Rents on this asset have been under market due to the terrible road construction on Memorial Drive. The road in front of the asset has been torn up for the last 18 months. Once complete the road will be a huge positive instead of an extreme negative. We will also implement our management platform that is laser focused on customer service, so the property will excel in its market.”
Hilltop Residential was formed in 2017 to acquire and renovate multi-family real estate assets that have strong market potential in Texas and the southern U.S. Since opening 2 years ago, the company has purchased over 3000 apartment units across the state of Texas. Target properties are well located, built in 1995 or later, and can be repositioned to maximize returns for investors.
About Hilltop Residential
Headquartered in Houston, Hilltop Residential provides investors with tax-deferred income and capital appreciation by acquiring and renovating multi-family properties located in the southern United States. Hilltop invests in cities and neighborhoods with strong demographics and positive employment growth. For more information, visit www.livehilltop.com.