Recent Acquisitions 

This portfolio totals 648 units and is a garden-style Class “B” value-add opportunity located near the West Houston Medical Campus in the Katy submarket of Houston, TX. Both properties are 94% occupied.

    • Paramount Apartments is 264 Units built in two phases (1991 & 1996) and has townhome units that prospective tenants are actively seeking today.
    • Enclave at Cypress Park was built in 1984 and has 9’ foot ceilings on the first floor units and townhome units throughout the property.
    • Entire first floors, leasing centers, fitness centers, and air conditioning units have been upgraded at both properties.
    • Washer/dryer equipment will be added to all units with connections which will generate an additional $40/Unit in rental income.
    • Both properties are infill, suburban, garden-style, surface-parked assets near West Houston Medical Campus and Energy Corridor in the Katy School District.
The development team of MC Companies is excited about this new opportunity to build luxury apartments and grow their existing portfolio. The town of Marana is fast growing, and this development will add to the much-needed mix of luxury apartment homes for residents that rent by choice and offer the convenience and modern amenities this demographic has come to expect.

This area has undergone much development in the past few years with new parks and connectivity to the Tortolita Mountain trail system. The Town has also made significant investments in the functionality of the Ina commercial area.

The Ina Road Beautification project makes this location even more appealing to residents in the area. The project includes new asphalt pavement, fresh landscaping in the right of way, new street lights, sidewalks, accessibility ramps and fiber optic cables.

MC Companies plans 300 luxury apartment homes with large floorplans at an average square footage of 1070 and six unique floorplans. Each home will be designed with upscale finishes and include hard surface flooring, granite counter tops and designer lighting packages. The proposed amenities will be best in class for new apartments.
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