custom strategy, remote market — results that translate anywhere
- 54-unit renovated portfolio
- Fully leased with strong yield
- Tailor-made execution, start to finish
listing
description
Nadina Manor and Crest Manor were sold together as a fully leased, 54-unit apartment portfolio in Houston, B.C. — a remote Northern market with strong cash flow and limited institutional attention. With extensive renovations completed between 2017 and 2020, both buildings offered stabilized income and tenant-paid utilities. But selling them wasn’t a template job.
This transaction was the result of a fully customized, ground-up strategy — designed specifically for these properties, in this market, at this moment. From positioning and valuation to buyer targeting and deal structuring, nothing was off-the-shelf. And that’s the point.
In locations like Houston, it’s easy to assume the rules are different. But the principles of strategic execution don’t change — only the way they’re applied. What I delivered here was a one-of-a-kind plan for a one-of-a-kind property. That same thinking applies anywhere, especially in high-value urban markets where generic approaches simply don’t perform.
investment
thesis
Two stabilized, income-generating apartment buildings with upgraded interiors, tenant-paid utilities, and double-digit returns — sold through a tailored marketing and execution strategy.
policy
context
Zoned R4, both properties support multifamily residential use and align with the District of Houston’s long-term housing objectives. With no rezoning required and all units renovated, the buildings were fully aligned with policy, performance, and future flexibility.
buyer
appeal
The buyer acquired these assets for their stabilized income, high yield, and upgraded condition — but more importantly, because the offering was positioned with clarity and confidence.
This wasn’t a mass-market push. It was a tightly focused, custom-built strategy that spoke to real investor concerns and matched the right buyer with the right return profile. It’s the kind of bespoke approach most brokers can’t or won’t take — but it’s what got the deal done.
Customized strategy
Fully renovated portfolio
Strong yield, stable income
specifications
Sold Price: $2,457,000
Total Units: 54
Suite Mix: 1 x Bachelor, 13 x One-Bedroom, 40 x Two-Bedroom
Rentable Area: Approx. 39,000 SF
Year Built: 1970 (Crest Manor), 1980 (Nadina Manor)
Renovation Years: 2017–2020
Lot Sizes: Approx. 0.82 acres (2035 Sullivan Way), 1.12 acres (2221 Butler Ave)
Zoning: R4 (Multifamily Residential)
Occupancy: 100% at time of sale
Upgrades:
Flooring, kitchens, bathrooms, appliances, lighting
Repainted interiors and exteriors
Updated fire panels and emergency systems
Parking lot resurfacing
Utilities: Tenant-paid heat and hydro
Parking: 60+ paved surface stalls
Location: Houston, BC — Regional service centre with industrial and forestry anchors
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