CLASS A INVESTOR RETURNS
10 % returns before sponsors and everyone else!
5-year Total Return
Internal Rate of Return
Avg. Annual Return
PROJECTED PROJECT RETURNS
Gallery at Katy is in the suburb of Katy, TX, with a median household (MHH) income of $96,526. It is adjacent to the highly acclaimed Cinco Ranch neighborhood with an MHH income of $141,752 according to incomebyzipcode.com
The Property is zoned to Taylor High School and Memorial Parkway Junior High School, which both rank 8 (GreatSchools, 2020). Taylor High School ranks in the top 94 percentile amongst all Texas high schools (SchoolDigger, 2019)
With the strong absorption, the submarket also had the highest submarket occupancy growth in Houston with 9.9% and 7.1% occupancy growth in the last 3-months and 6-months, respectively
The property has averaged 93% occupancy through the pandemic ending until now
There is just one 240-unit multifamily property under construction within a 3-mile radius of the property.