Multifamily Properties

MREC's multfamily portfolio is an example of the company's insightful strategy and experience in the multifamily real estate asset class. Since origination in 2009, the portfolio has grown geographically to include properties in five states and has included over 50 projects (totaling over 12,000 units). Through partnerships and acquisitions, MREC continues to build on it's solid, and expansive holdings.


Tulsa, Oklahoma Portfolio
Moriah Real Estate Company along with partner Capital Assets acquired 4 multifamily properties, consisting of 984 units, in Tulsa, OK. These well located properties were renovated in late 2009 and, upon acquiring management, were immediately turned over to Capital Assets.

Arbors of Southern Hills - SOLD
Hunter's Creek - SOLD
Lakewood Park - SOLD
Sand Dollar - SOLD


Arkansas Portfolio
In 1Q, 2010 Moriah Real Estate Company acquired Flagstone Creek, a 120-unit apartment community in Bentonville, AR. In 2Q, 2011 MREC invested in another Bentonville property, Harbin Pointe, a 194-unit "Class A" multifamily project. In 2Q 2012 MREC acquired the Reserve at Steele Crossing, a 201-unit property located in Fayetteville, AR. In 2Q 2013, MREC acquired Mountain Ranch, a 360-unit property in Fayetteville, AR. Capital Assets manages each of the Arkansas multifamily projects.

Flagstone Creek - SOLD
Harbin Pointe - SOLD
Reserve at Steele Crossing
Mountain Ranch - SOLD


Houston, Texas Portfolio
Moriah Real Estate Company in association with Ascension Commercial Real Estate purchased a 15 property multifamily portfolio totaling 4,520 units and 3,664,575 net rentable square feet in July 2011. The properties were built between 1968 and 1982 and shortly after the acquisition the portfolio, consisting of fourteen properties in Houston and one in Austin, was renovated and management was turned over to Ascension Property Management. The properties are well located in their respective submarkets and after the acquisition and new capital infusion, the assets have been significantly repositioned.

Aubry Hills - SOLD
Bay Crest Village - SOLD
Bay Place - SOLD
Berkshire - SOLD
Hayes Place - SOLD
Park on Burke - SOLD
Pointe at Steeplechase - SOLD
Princeton Club - SOLD
Shadow Creek - SOLD
Sheffield Square - SOLD
Timber Run - SOLD
Sierra Pines - SOLD
Spring Meadows - SOLD
Westchase Estates - SOLD
Westchase Grand - SOLD
Westchase Preserve - SOLD


Dallas, Texas Portfolio
MREC, along with partner and manager Capital Assets, acquired the Windridge Apartments (720 units) in Grand Prarie, TX in 4Q, 2009. In 4Q, 2012 MREC, in association with Strategic Realty Capital (SRC) purchased the DFW 4 Portfolio, which includes four multifamily properties in Bedford, Dallas, Lake Highlands and Arlington. The strategy for the portfolio is to renovate and reposition.

Windridge - SOLD
The Arbors - SOLD
Casa Serena - SOLD
The View at Kessler Park - SOLD
Windmill Terrace - SOLD



Kyle, Texas Portfolio (Austin, TX Submarket)
Moriah Real Estate Company, in partnership with Ascension Commercial Real Estate purchased Vista Plum Creek (264 Units) in 2013 and in partnership with Cypressbrook Company developed Aria Plum Creek (180 Units) as well as Ariza Plum Creek (349 Units) for a total of 793 units within the Kyle, TX (Plum Creek) submarket of Austin, Texas.

Vista Plum Creek
Aria Plum Creek - SOLD
Ariza Plum Creek

Big 22 Portfolio
MREC, along with partner Strategic Realty Capital, acquired 4,275 units in secondary markets throughout Texas. Asset locations include Amarillo, Abilene, Temple, San Marcos, Fort Worth, Longview, Tyler, Texarkana, Shreveport, Beaumont, and Brownsville. The Lynd Company manages the portfolio.

Aspen Place
Autumn Oaks
Cardinal Oaks
Cedar Creek
Cedars of San Marcos - SOLD
Copper Creek
Cornerstone
Dove Tree
Glen Oaks
La Mansion
La Residencia
Park at Summerhill
Parkway Gardens
Stone Creek
The Commons
The Enclave
The Glen
The Landing
The Landmark
Towne Oaks
Union Square - SOLD
Westridge

Bednola Portfolio
Moriah Real Estate Company, in association with Strategic Realty Capital, purchased a 2 property multifamily portfolio with assets in Bedford, TX and New Orleans, LA. The portfolio totals 436 units.

Bedford Oaks - SOLD
The Cove - SOLD

New Orleans, Louisiana Portfolio
Partnering with CGHS Realty, Moriah Real Estate Company closed on West Chase Apartments in the West New Orleans (Harvey) submarket in July of 2017. This 380-unit asset provided a great value add opportunity with under market rents as well as interior and exterior upgrade potential.

West Chase


 

 

     
 
Moriah Real Estate Company, LLC    |    Office: 432-682-2510    |    303 W. Wall St., Suite 2400    |    Midland TX 79701