Carrara at Cypress Creek
Property
Property Name
Carrara at Cypress Creek
Location Spring, TX
Unit Count 234
Vintage 1983
Acquisition Date August 2020
Carrara at Cypress, a 1981-built Class-B community in North Houston, offers excellent access to I-45, Beltway 8, Highway 249, and SH99. The property presents strong value-add potential through upgrades and efficient management while benefiting from proximity to local amenities. In Q2 2023, refinancing increased its valuation from $20 million to $29.7 million, secured a fixed rate, and enabled quarterly distributions.
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