Marymont

The Opportunity

The Location

The Property

Contact

Doc Center

Privacy

8-foot ceilings Brown or Grey vinyl plank flooring in select units Carpeted living areas in select units Black appliances Formica countertops Stone backsplashes Ceiling fans in living areas and bedrooms Carpeted bedrooms Full-size washers and dryers

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.

johnny king Director Mortgage Banking(713) 469-4502johnny.king@berkadia.com

kyle whitney Director(713) 724-1456kyle.whitney@berkadia.com TX CRE #658451

jed dalton Senior Financial Analyst(832) 314-5078jed.dalton@berkadia.com

joey rippel Managing Director(601) 919-5155joey.rippel@berkadia.com TX CRE #654288

chris young Managing Director(972) 743-5742chris.young@berkadia.com TX CRE #630674

jeffrey skipworth Managing Director(214) 533-3322jeffrey.skipworth@berkadia.com TX CRE #560404

chris curry Senior Managing Director(713) 553-0151chris.curry@berkadia.com TX CRE #566750

investment sales and mortgage banking

houston, tx office 2229 San Felipe, Ste 1600 Houston, TX 77019(713) 974-1300 | Berkadia.com

Visit Doc Center

1515 Rudel Rd | Tomball, TX 77375

Price Terms Year Built Total Acreage Total Units Total SF Avg Unit SF Avg Rent/Unit Avg Rent/SF Occupied

Market All Cash 1984 5.548 128 112,080 876 $1,256 $1.43 93%

Marymont is a garden-style multifamily community with interior value-add opportunities in 100% of its units. It is well-positioned in Tomball, one of Houston’s fastest-growing suburbs and a municipality with zoning restrictions that effectively create barriers-to-entry for new multifamily supply. The community is located in the heart of Tomball, near its Main Street corridor, its retail epicenter, its largest employers, and top-ranked schools. Marymont offers value-add returns and increasing cash flows in the next major growth corridor of the Houston metro.

THE OPPORTUNITY

investment highlights

investment summary

the location

the property

unit gallery and amenities

community gallery and amenities

unit amenities

community amenities

Leasing office with coffee bar Swimming pool with pool deck Poolside cabanas and lounge chairs Outdoor kitchen with gas grills and bar seating Playground Manicured, mature landscaping Open surface parking Perimeter fencing and controlled access Valet trash service

tucker fama Financial Analyst(281) 923-3856tucker.fama@berkadia.com TX CRE #9002106

community

apartment homes

CUTT ABLESON Senior Managing Director Mortgage Banking(713) 469-4503cutt.ableson@berkadia.com

45% of the units have been lightly updated and are yielding $55 to $85 premiums

Stainless steel appliances and granite countertops can be added to 100% of units

$200 average rent gap with newer properties in submarket and $500 average rent gap with newest construction

Zoning restrictions in the city of Tomball moderate and limit new multifamily supply

Only four properties have been added to the local supply in the last seven years

3% average annual rent growth in submarket projected for 2025 to 2026 (CoStar and Yardi Matrix)

2.7% average annual population growth over the last five years in Tomball area and local population is expected to more than double by 2030

$550K average home price in Tomball with 60% sales price appreciation over the last ten years, ranking 6th amongst Houston’s suburbs

Zoned to all A-rated schools in #1 school district in Harris County (#2 in Houston metro)