Brittany Square

4720 Reading Road
Houston, Texas 

192 Units 

Purchase Date: December 2013
Sale Date: Holding

Projected ROE: >100%

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A Class B REO in a strong-submarket, 84% occupied at acquisition, with high economic vacancy, and below market rents. Due to Seller’s unwillingness to fund make ready and rehab costs, the Property had 29 vacant units that were in need of make ready. Within 3 months of taking over, Urban Southwest stabilized the occupancy at 94%.