Overview
Colliers is pleased to exclusively offer qualified investors the opportunity to purchase Savan Villas, a value-add multifamily investment totaling 108 units located in Texas City, Texas. Savan Villas is a lender-owned REO asset offering investors a unique opportunity to acquire a well-located community at an attractive basis with significant upside potential. The property features spacious apartment homes and presents a clear path to value creation through interior renovations, operational improvements, and enhanced property management. The community is conveniently located near major employment centers, retail destinations, and recreational amenities throughout Texas City and the greater Galveston County area. Residents enjoy easy access to Interstate 45, connecting the property to Galveston, Houston, and the region’s major industrial and petrochemical employment hubs.
Investment Highlights
• Offered Free & Clear – Delivered without existing agency debt assumptions or complex partnership structures, providing maximum financing and execution flexibility.
• Basis Below Replacement Cost – Opportunity to acquire the asset at a significant discount to today's replacement cost, creating a compelling downside-protected investment basis.
• Compelling Value-Add Opportunity – Current average rents of approximately $850 per month are approximately 25% below the competitive set average of $1,133 per month, offering substantial mark-to-market potential through strategic renovations and improved operations.
• Immediate Operational Upside – Recent REO ownership resulted in limited leasing activity prior to foreclosure, suppressing occupancy and creating an attractive lease-up opportunity for new ownership.
• Multiple Revenue Growth Levers – Value can be created through interior renovations, enhanced property management, improved leasing execution, and occupancy stabilization.
• Strong Employment Fundamentals – Strategically located adjacent to Texas City's expanding industrial, petrochemical, and maritime employment corridor, supporting long-term rental demand.
• Clear Path to Value Creation – The combination of below-market rents, lease-up potential, and operational improvements provides multiple avenues to increase NOI and drive investor returns.
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