Regatta Bay Apartments

• Regatta Bay Apartments, built in 2003, is a 240 unit multifamily community located in Seabrook (Houston), Texas
• The property was purchased in July 2017 in partnership with a leading Miami based operator partner
• At the time of purchase, the capex budget was implemented to build upon enhancements already underway at the property by the prior owner
• Interior upgrades to kitchens and bathrooms included new countertops, cabinets and fixtures, upgraded interior paint and the addition of washers and dryers throughout the community
• The property was sold in July 2022 after 5 years of ownership