Stafford, Texas (July 30, 2021) – Dallas-based real estate investment firm, Catalyst Equity Partners, is reentering the Houston market with its recent purchase of Stafford Oaks Apartments, which is located in booming Fort Bend county.
Stafford Oaks is a 176-unit workforce housing community that was built in 1978. It’s located just off FM 1092 with easy access to 90-Alt and other major thoroughfares connecting it to major employment nodes in Houston.
The property is one of the lowest cost options for residents that want proximity to Sugar Land and Missouri City and the vast amenities these cities offer. Furthermore, residents are zoned to highly acclaimed Sugar Land schools in Fort Bend Independent School District.
Prior to Catalyst’s purchase, the property was owned for 15 years by the seller and no major renovations were completed. The company’s co-founder, Shane Thomas, stated “We are excited to acquire this property in such a high growth area of the Houston MSA. Though the property was well maintained by the seller, it’s due for a significant upgrade. We plan to invest nearly $2M to transform the community inside and out. Some notable upgrades include the addition of a turf soccer field, an outdoor kitchen, carports, package lockers, and interior upgrades with new flooring, appliances, and washer/dryer connections.”
The Houston apartment market has fared well since COVID and demand is strong. Catalyst Equity specializes in acquiring properties that require a capital injection to improve the property and making it a place for residents to call home.