- Cypress, TX -
10 YR IRR:
(includes vacancy, expenses and property management fees)
Northwest Houston continues to be one of the fastest-growing areas not only in Houston, but in the country. With the completion of the Grand Parkway Tollway (highway 99), growth is accelerating. Exxon Mobil, Baker Hughes, and a host of other companies have poured into the area. In the long-term, Northwest Houston is poised to benefit from many of the factors that led to the strong growth earlier this cycle: People want to be in North Houston for the schools, jobs, affordability, and quality of life. This isn't likely to change anytime soon. In the near term, a slowdown in multi-family construction should allow fundamentals to tighten and vacancies to lower. Oil also being consistently above the $60/barrel level has been good for Houston, with jobs and people returning. However, Houston is now quite diverse in employment and does not depend exclusively on oil. Job growth in services, medical, and transportation (just to name a few) has been substantial. FIG Starwood Farms is poised to profit in Northwest Houston's path of progress.
Contact Steve Olson or Jon Metcalf for Project Inquiries
Steve Olson 801.362.3392
Jon M 281.705.5633