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Investment Sales and Mortgage Banking
kyle whitney
Senior Director (713) 724-1456 kyle.whitney@berkadia.com
TX CRE #658451
jed dalton
Senior Financial Analyst (832) 314-5078 jed.dalton@berkadia.com
TX CRE #787068
joey rippel
Managing Director (601) 919-5155 joey.rippel@berkadia.com
TX CRE #654288
chris young
Managing Director (972) 743-5742 chris.young@berkadia.com
TX CRE #630674
jeffrey skipworth
Managing Director (214) 533-3322 jeffrey.skipworth@berkadia.com
TX CRE #560404
chris curry
Senior Managing Director (713) 553-0151 chris.curry@berkadia.com
TX CRE #566750
investment sales
houston, tx office
2229 San Felipe, Ste 1600
Houston, TX 77019 (713) 974-1300 | Berkadia.com
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Jacinto Palms is a close-in, garden-style community eight miles east of downtown Houston and five miles northwest of the Port of Houston. This well-located asset has strong competitive advantages to generate stable cash flows and emerge as a best-in-class community in an attractive, walkable location. It offers real value-add opportunities to increase net operating income and sits advantageously near multi-million dollar new developments that will drive housing demand and enhance value appreciation.
investment highlights
the location
the property
tucker fama
Senior Financial Analyst (281) 923-3856 tucker.fama@berkadia.com
TX CRE #9002106
ESTEE IBÁÑEZ
Senior Financial Analyst (713) 469-4512 estee.ibanez@berkadia.com
TX CRE #687201
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JOHNNY KING
Director
Mortgage Banking (713) 469-4502 johnny.king@berkadia.com
CUTT ABLESON
Senior Managing Director
Mortgage Banking (713) 469-4503 cutt.ableson@berkadia.com
10202 Challenger 7 Dr | Jacinto City, TX 77029
CARL RASMUSSEN
Associate Director
Mortgage Banking (713) 469-4514 carl.rasmussen@berkadia.com
Corby chaffin
Managing Director
Mortgage Banking (713) 469-4516 corby.chaffin@berkadia.com
the opportunity
Asset and Market Support for Higher Rents
2 of 2
Updated unit interiors available
Two-story townhomes available
Wood-style flooring in living areas on 1st floor
Carpeted living areas on 2nd floor
White, black, or stainless appliance packages
Formica countertops
Updated cabinetry in select units
Carpeted bedrooms
Ceiling fans in bedrooms
Walk-in closets
Fenced-in patios on 1st floor
Unit Amenities
community amenities
apartment homes
investment summary
Leasing office/clubhouse
Coffee/tea bar available
Resident clubroom with seating and TV
Business center with 2 PCs
Refreshing swimming pool
Sundeck with poolside lounge chairs
Gazebo grilling area with picnic tables
Picnic tables with outdoor charcoal grills
Three laundry facilities
Abundant open surface parking
Walkable access to Wilkie Park
Community Amenities
tucker knight
Managing Director
Mortgage Banking (713) 469-4515 tucker.knight@berkadia.com
Price
Terms
Year Built
Total Acreage
Total Units
Total SF
Avg Unit SF
Avg Rent/Unit
Avg Rent/SF
Occupied
Market
All Cash
1972
3.16
123
89,028
724
$951
$1.32
92%
In select units*
$1MM+ capital infusion since 2018
Most recent capex items include new boiler and upgrade of breaker panels
One-third of units are 1B townhomes
60% average retention rate
15 units (12% of unit mix) remain to be upgraded
Can add microwaves and washer and dryer connections to all units
Valet trash and reserved parking can be added to increase other income
$184 rent gap with renovated comparables
No concessions at property or its comparables
No other conventional competition within 1.5 miles
No new supply within three miles
3% to 4% average annual rent growth projected for next three years by third parties
Five minutes from I-10 and 10 minutes from the 610 Loop
Abundant walkable amenities, including Jacinto City’s Preschool, Activity Center, Community Center, Swimming Pool, and Wilkie Park (12 acres)
Grocery options and large local employer, Faust Distributing Company, within walking distance
Less than one mile from Jacinto City Fire and Police Departments
Two miles from HCC Northeast Campus (139 acres, 5K students)
70K jobs within five miles and 594K within 10 miles
Five miles from Greens Port, the Houston Ship Channel, and Port of Houston
Port of Houston (#1 U.S. Port in multiple categories, 147K jobs), the economic engine of East Houston, is undergoing a $1B expansion
Less than seven miles from $1.6B new hospital (1.3M SF, 390 beds) under construction, scheduled to open in 2028
Only eight miles from Downtown Houston (143K jobs)
Key Demand Drivers for Value Appreciation
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
houston, tx office
2229 San Felipe, Ste 1600
Houston, TX 77019 (713) 974-1300 | Berkadia.com
The Opportunity
The Location
The Property
Contact
Doc Center
Privacy
Terms of Use
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
jed dalton
Associate Director
(832) 314-5078
jed.dalton@berkadia.com
TX CRE #787068