| In-place rents below market provide immediate value-add potential through lease renewals and rent repositioning. |
| Additional NOI upside through cosmetic interior upgrades that enhance competitiveness and support higher rental rates. |
| Baylor University contributes to consistent demand for rental housing due to its stable enrollment figures. |
| An expanding healthcare corridor enhances local employment opportunities, reinforcing economic growth. |
| The city’s tourism industry has witnessed significant growth over the past decade, further increasing rental demand across various property vintages. |
| The city benefits from population spillover as residents seek more affordable living options compared to the larger, pricier metros. |
Richard Waterhouse
Matthews Real Estate Investment Services
