Valencia at Spring Branch Apartments is a 228-unit, garden-style apartment complex about 10 miles northwest of downtown Houston in a suburb known as Spring Branch.
The property consists of 15 two-story buildings on 7.5 acres with a swimming pool and four laundry rooms. Spring Branch has an A-grade school district, creating a strong demand for rental apartments in the area. By placing an emphasis on attracting families, Ytech has increased the property’s net operating income by 31 percent.
Ytech completely redeveloped the property, infusing millions after acquisition and leased the units until stabilized occupancy was achieved. Its redevelopment completed in 2013 involved roof replacements, interior renovation, parking lot and driveway repairs, and appliance package upgrades.