xhv8mzw7ge79waga35o97s2wbzpfr6 2,500 Houses going up next to a FIG Development in Cypress, Texas!

295 W Center St, Suite A

Provo, UT 84601

(801) 758-8970

(Brokered by RE/MAX Equity & partners)


FIG DISCLAIMER: No investments are guaranteed to result in profits. Net operating income, cap rates, and internal rates of return are subject to fluctuation and may experience a wide range of change, including the potential for operating losses. Factors affecting investment returns include, without limitation, changes in interest rates, tenant vacancies and defaults, property management expenses, repair and maintenance costs, HOA expenses, litigation, insurance rates, and relative strength and weakness in the local and regional economy. Past performance is not a guarantee of future returns. FIG does not provide tax or legal advice, and none of the statements or information on our website or sales materials should be construed as tax or legal advice. All investors are encouraged to seek advice from their own tax and legal professionals. All estimated returns on investments in FIG projects are subject to change and may be significantly different from actual financial performance. FIG is a brand used for the purposes of marketing. FIG is not an actual company but is used to brand the investment strategy used by those marketed on this website. © 2020 FIG & RE/MAX Equity

2,500 Houses going up next to a FIG Development!

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What’s happening near our Cypress, TX multifamily/fourplex projects?

One of our favorite resources for news information on the Houston market, etc. is the Houston Business Journal. Recently, an article announced plans for a master-planned community of approximately 2.5k houses via a Houston-based developer.

Land Tejas Co. recently closed on 856 acres located just North of FM 529, West of Fry Road and East of the Grand Parkway in northwest Harris County. (Deal finalized on Sept 25th)

While the community doesn’t have a name yet, they plan on selling off lots to consumers by 2021. We can expect this to have a positive effect on our tenant pool because the added growth to the Cypress area will bring along with it, jobs and families that are priced out of these planned communities and therefore opt-in to renting out our units.

“Demand for homes in the Cypress area has been phenomenal,” James Henrie, COO of Land Tejas, said in a statement. “This will be our fourth master-planned development in the area, following the success of our Stone Gate, Canyon Lakes West and Miramesa communities.”

If you have any questions about how multifamily investments are playing out in Cypress in the last couple years and moving forward, feel free to contact us here.