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Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Raystone Apartment Homes (“the Property” or “the Asset”), a 33-unit newly built garden-style community with stong cash flows. The community is ideally-located in the heart of Bay City, TX and has operated at consistantly high occupancy of 94%+. New ownership has the opportunity to purchase a strong cash-flowing asset with great rent growth potential in a steady market.
► Newly built and technologically advanced asset with no comparable
► Operating at 95%+ occupancy
► Strong demographic base with rare to no delinquencies
► Large units with an average size of 1,277 SF
► Completely gated and professionally maintained community
► Value-Add opportunity to add 30-40 covered parking spaces and
► Bay City has shown strong multi-housing fundaments
► 36.5+% of housting units are renter occupied in a 0.5-mile radius
► Surrounded by over 20,000 residents in a 3-mile radius
► Diverse resident base (Teachers, Engineers, Nurses, Police Officers,