Investment lead: Patrick Magliaro | Patrick.magliaro@triadre.com
Oak Run Manor is located in the southeastern Houston suburb of Pasadena. With attractive assumable financing and an existing ownership presence in the submarket, Sentinel recognized a unique opportunity from both a capital-markets perspective and economies of scale in operations.
Given the asset’s long-term ownership and hands-on management history, Sentinel’s business plan focuses on operational efficiencies, moderate interior enhancements upon unit turns, and exterior amenity upgrades. Accounting for current inflationary pressures, the plan underwrites moderate rent growth over the hold to preserve occupancy and remain competitive in the market.
