Brookmore Hollow

Key features

• Brookmore Hollow is a long-term held, well-maintained asset offering clear, executable opportunities to expand revenue and increase NOI through operational enhancements.
• Brookmore is located directly across the street from a public elementary school, supporting consistent family-oriented renter demand and long-term resident stability.
• Major mechanical systems have been addressed, including a boiler replacement completed around 2017, reducing near-term capex exposure and mechanical risk.
• Only three units have been renovated to date, all achieving strong rental premiums, highlighting meaningful runway for a broader interior upgrade program.
• Package locker income commenced in January and is not yet reflected in the P&L. A $15/month fee applied to renewals and new move-ins provides immediate and scalable organic income growth.
• Rosenbergs accelerating growth, combined with zoning, infrastructure, and entitlement constraints under the Citys Unified Development Code, limits new multifamily supply and supports long-term rent and occupancy growth.
• Rosenbergs population is estimated at approximately 42,571 as of mid-2024, reflecting strong growth since 2020 and supporting sustained housing demand.
• Significant industrial expansion, including Union Pacifics planned Mainline Texas Industrial Park with potential for 20M+ SF of development, supports long-term employment growth and renter demand across Fort Bend County.
• The absence of existing carports creates an opportunity to add reserved parking and generate incremental ancillary income.