Encore occupies a prominent bayfront location on NASA parkway only 4 minutes from the Johnson Space Center and 8 minutes from the HCA Houston Medical complex in Webster.
Seabrook is among the most affordable areas for the quality in all of Houston due to its growth in rent comps. This strong affordability and upper workforce / renter-by-necessity population makes this area extremely attractive.
Encore flooded in Hurricane Ike and experienced a quality rebuild in 2010.
White Collar / Upper Workforce housing demographics offer a reliable tenant base. While Encore offers premium lifestyle, its affordability and competitive positioning relative to costlier new builds positions it well to weather all economic conditions.
The 600 feet of frontage on Clear Lake offers residents a combination of resort-like waterfront living and suburban convenience.
The property has significant room for improvement in curb appeal and upside in rents: half a mile down the road, Dwell at Clear Lake is achieving $200+ higher rents with similar 1970 product.
Lone Star will execute comprehensive value-add with unit upgrades, smart home tech package, landscaping improvements, enhanced amenities, expanded / upgraded boardwalk, and improved management.
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