Cranbrook Forest

Cranbrook Forest

Cranbrook Forest is a 261-unit apartment complex built in 1983. The property features five floor plans consisting of one and two-bedrooms. The community features a swimming pool and a fitness center. Cranbrook Forest is located in the desirable Spring ISD school district in northwest Houston with convenient access to I-45, Beltway 8, George Bush Intercontinental Airport, shopping, dining and public transportation.

Projected IRR
Projected Cash-on-Cash
Acquisition Date
Jul 18, 2018



Cranbrook Forest was a true off-market, deep value-add asset acquired by Lone Star Capital in July 2018. The previous owner, a large global investment fund, had acquired it out of bankruptcy as a small piece of a large portfolio. While some basic maintenance had been kept up, this group allowed Cranbrook to slip through the cracks operationally. The result was a challenging property that was mismanaged, mostly unrenovated, and had high vacancy, leaving significant valueadd opportunities from an operations and capex perspective

Business Plan

No items found.

Get in touch

To learn more about each other, please fill out the information below.

Are you an Accredited Investor?
Your message has been submitted.
We will get back to you within 24-48 hours.
Oops! Something went wrong.