JV Plans to Optimize Royal Spring as Demand Outpaces Supply

Sunrise Capital, Zane Holdings and Goodegg Investments in a joint acquisition recently acquired Royal Spring located in Spring, TX. The teams are led by David Davidenko and Julia Bykhovskaia at Sunrise Capital, Iqbal (Ike) Mutabanna and Dustin Howard at Zane Holdings, and Julie Lam and Annie Dickerson at Goodegg Investments.

“We continue to see strong performance across the state of Texas including the Houston market – led by population growth, a diverse mix of economic and employment opportunities, and superior quality of life for residents throughout the area,” the investment leads point out. “With demand outpacing supply in this market, we have the opportunity through a proven lease-up strategy to optimize the asset and provide quality living in this burgeoning Houston submarket.”

Royal Spring is a newly built 351-unit institutional-quality multifamily complex with its final building delivered in May 2021. It is located in the Spring market within a short distance of the soon-to-be global headquarters of Hewlett Packard Enterprise and a part of the rapid growth of the northern and western parts of the Houston-The Woodlands-Sugar Land MSA.