Document Center
Contact
Privacy
Terms of Use
Photo Gallery
Visit Doc Center
THE RANCH AT MIDLAND
THE GARDENS
EAGLE’S LANDING
midland beeville
Portfolio
4315 NEELY AVENUE | MIDLAND, TEXAS
2700 MIDLAND DRIVE | MIDLAND, TEXAS
4000 N. ST. MARY’S STREET | BEEVILLE, TEXAS
THE OPPORTUNITY
The Midland Beeville Portfolio offers investors an exceptionally unique opportunity to acquire 19.1 acres across three properties in Midland and Beeville, Texas. These multifamily communities – The Ranch at Midland, The Gardens, and Eagle’s Landing – are comprised of 400 total units that currently boast 92% occupancy, offering attractive value-add returns. Current ownership has meticulously tended to the portfolio, so the properties are all exceedingly well maintained, but there are opportunities for rent growth through additional interior and exterior upgrades. The portfolio is offered either cash to note or free and clear, providing flexible financial arrangements for potential buyers. Additionally, these properties offer an above-market cap rate, enhancing the investment appeal. The portfolio’s excellent performance is complemented by strong locations in Midland and Beeville, which offer a vibrant blend of economic vitality and cultural richness.
Visit Doc Center
Value Add Opportunity: With current ownership having completed structural and common area improvements, The Jefferson presents a prime value-add opportunity. Unit renovations could increase rental rates by an average of $200, capitalizing on the strong demand in the area.
Thriving Demographic Profile: Within a one-mile radius of The Jefferson, the area boasts a highly educated and professional population, with 64% holding a bachelor's degree or higher and 81% employed in white-collar jobs. With projected household income growth of 24% over the next five years, The Jefferson is positioned to benefit from economic growth and demand for quality rental housing.
Competitive Advantage in a Limited Market: As a prime value-add opportunity in a sought-after location, The Jefferson stands out in a market with limited comparable offerings, providing a unique investment proposition.
04
05
06
01
02
03
Investment Highlights
4315 NEELY AVENUE | Midland, TX 79707
YEAR BUILD: 1980
LAND SIZE: 6.82 ACRES
TOTAL NUMBER OF UNITS: 143
TOTAL NET RENTABLE SF: 103,493 SF
AVERAGE UNIT SIZE: 724 SF
THE RANCH AT MIDLAND
PHOTO GALLERY
BACK TO TOP
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.
5960 Berkshire Lane, Suite 1000
Dallas, TX 75225
DALLAS
CONTACT
Investment Sales
Matt Wideman
Managing Director 214.704.8240 matt.wideman@berkadia.com
Bart Wickard
Senior Managing Director
214.223.6462
bart.wickard@berkadia.com
Visit Doc Center
Three Garden-Style Communities with a Combined 400-Units Located Across Texas
2700 MIDLAND DRIVE | Midland, TX 79707
YEAR BUILD: 1977
LAND SIZE: 4.76 ACRES
TOTAL NUMBER OF UNITS: 101
TOTAL NET RENTABLE SF: 84,902
AVERAGE UNIT SIZE: 841 SF
THE GARDENS
4000 N. ST. MARY’S STREET | BEEVILLE, TX 78102
YEAR BUILD: 1965
LAND SIZE: 7.52 ACRES
TOTAL NUMBER OF UNITS: 156
TOTAL NET RENTABLE SF: 118,540
AVERAGE UNIT SIZE: 760 SF
EAGLE’S LANDING
04
05
06
Opportunity
Strong Above Market Cap Rates: This portfolio offers above-market cap rates, providing immediate cash flow and attractive returns in high-demand submarkets, with potential for operational efficiencies and value-add strategies.
Strong Value-Add Potential: Meticulously maintained properties with minimal deferred maintenance are ready for exterior and interior improvements, allowing new management to capture higher rental premiums.
Attractive Asset Profile: Units feature granite countertops, walk-in closets, and private balconies/patios, while community amenities include swimming pools, fitness centers, and 24-hour emergency maintenance.
Diverse Economic Drivers: Midland-Odessa boasts over 113,000 jobs in energy, healthcare, and education, with major employers like ConocoPhillips and Texas Tech University Health Sciences Center. Beeville is anchored by public sector and healthcare employment.
Strong Demographics: Midland's average household income exceeds $130K, with home values at $362,471, driven by the oil and gas industry. Beeville offers affordability and steady rental demand.
Lifestyle and Cultural Appeal: Residents enjoy local amenities, from Beeville’s historic downtown and cultural landmarks to Midland’s vibrant urban infrastructure.
The Asset
Highlights
DOC CENTER
Terms of Use
Privacy
Location