June 24, 2021 by OLDHAM GOODWIN
BRYAN, TEXAS — Oldham Goodwin Capital, the real estate investment division of Oldham Goodwin Group, LLC, announced the sale of Palm Bluff Place, a 250-unit apartment community located in Portland, Texas, on September 17, 2021.
Located at 1825 Billy G. Webb Drive, Palm Bluff Place is a Class-A apartment community offering one, two, and three-bedroom floor plans ranging from 705 square feet to 1,313 square feet. Units
feature modern custom finishes such as wood-style flooring, granite countertops, stainless steel appliances, and designer tile. Community amenities include a resort-style pool, resident lounge and clubhouse, fully-equipped fitness center, outdoor kitchen and grilling stations, technology lounge, and controlled access gates.
Construction of the apartment community began in 2016 and was supervised by the Oldham Goodwin Development division. Upon completion in 2017, the Oldham Goodwin Multifamily division managed the property and reached stabilization within 9 months.
“Palm Bluff is an excellent example of Oldham Goodwin’s full-spectrum of real estate services working seamlessly together to maximize the value for our stakeholders,” said Casey M. Oldham, Oldham Goodwin’s CEO and Chief Investment Officer. “From development to stabilization and final sale of the asset, we were able to achieve a net investor internal rate of return in excess of 22% for our investor partners.”
About Oldham Goodwin Capital, LLC Oldham Goodwin Capital, LLC provides accredited investors the opportunity for equity investments in real estate partnerships. Its objective is to generate superior risk-adjusted returns for our investment partners. OGC was formed to develop and acquire assets in the hospitality, multifamily, office, retail, and residential sectors with both established markets and high growth secondary markets throughout the state of Texas.
About Oldham Goodwin Group, LLC Oldham Goodwin Group, LLC is a fully integrated commercial real estate investment, brokerage, development, and management company that specializes in hotel, multi-family, and commercial properties throughout the state of Texas. Our highly skilled professionals work together as a team to provide clients with accessible and reliable results in the real estate sector. Strategically headquartered within the heart of the Texas Triangle in Bryan/College Station, Oldham Goodwin has additional offices to serve the Houston, San Antonio/Austin, Waco/Temple/Killeen, and Dallas/Fort Worth markets.