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Investment Sales and Mortgage Banking
kyle whitney
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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The Villas at Rollingbrook presents a compelling Class A multi-housing investment opportunity, offering an asset with significant competitive advantages and value-add potential in a Houston-area submarket with barriers to entry and a job-rich local economy. This garden-style, low-density community is the only multifamily property with garages for all units in Baytown, located 24 miles east of downtown Houston in the heart of the region’s robust port and petrochemical industries. Available at an attractive basis, The Villas at Rollingbrook offers consistent cash flow and market evidence to strategically increase rents, generating strong returns for investors.
investment highlights
the location
the property
tucker fama
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
3717 Emmett Hutto Blvd | Baytown, TX, 77521
CARL RASMUSSEN
Associate Director
Mortgage Banking (713) 469-4514 carl.rasmussen@berkadia.com
investment summary
Corby chaffin
Managing Director
Mortgage Banking (713) 469-4516 corby.chaffin@berkadia.com
Price Market
Terms All Cash
Year Built 2009
Total Acreage 10.901 Total Units 204 Total SF 201,363 Avg Unit SF 987 Avg Rent/Unit $1,444
Avg Rent/SF $1.46 Leased | Occupied 97% | 94%
the opportunity
Only 100% garage multifamily property in Baytown
Averaged 95% occupancy for last 10 years
Averaged 50% retention last four years
32% of units with classic, original finishes that can be updated
Valet trash can be implemented to increase other income
Limited Class A competition in Baytown (only 17% of multifamily stock)
Zoning restrictions by city of Baytown create barriers to entry
Only one property in lease-up and no other new units underway
3.7% average rent growth projected from 2025 to 2026 (Yardi Matrix)
Asset and Market Support for Higher Rents
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Valuable egress on two main streets in Baytown with visibility to 26K cars daily
39K jobs within five miles, 94K within 10 miles
Centrally located between two biggest employers in Baytown, ExxonMobil and Houston Methodist
ExxonMobil Baytown is one of the largest petrochemical complexes in the world (3.4K acres, 7K jobs) with three multibillion-dollar expansions planned
15-minute commute to Houston Ship Channel and Port Houston (#1 U.S. Port in multiple categories, 147K jobs)
15-minute commute to TGS Cedar Port Industrial Park (#1 industrial park in U.S., 15K acres, 5K jobs)
Key mixed-use, master-planned developments in Baytown to improve livability and lifestyle amenities include San Jacinto Marketplace and Project Vector
Key Demand Drivers for Value Appreciation
Community Amenities
Updated unit interiors in select units
9-foot ceilings and 14-foot vaulted ceilings
Wood-style plank flooring
Built-in desks and shelving in select units
Apartment Home Amenities
community amenities
apartment homes
Black or stainless steel appliance packages
Kitchen pantries
Granite countertops
Tile backsplashes in some units
Ceiling fans in living areas and bedrooms
Carpeted bedrooms
Full-size washers and dryers
Private patios or balconies
Clubhouse with clubroom
Demonstration kitchen
Business center
State-of-the-art fitness center
Resorty-style pool with stone waterfall
Trellised outdoor kitchen with gas grills
Covered outdoor living area with TV
Outdoor firepit
Enclosed pet park
Package lockers
Surface parking and garages
Perimeter fencing and controlled access
The Opportunity
The Location
The Property
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