Westchase’s Aubrey Benefits from Houston’s Resurgence

Katy-based TruePoint Capital recently acquired The Aubrey, a 436-unit multifamily community in the Westchase submarket of Houston. Electra Capital closed on a $5.25 million preferred equity investment in the asset.

“Houston’s economic resurgence has been exceptional,” said Samuel J. Greenblatt, CEO of Electra Capital. “With increases in employment and in-migration expected for the remainder of the year, Houston’s apartment occupancy rate and rent growth rate may ultimately surpass where it was pre-pandemic by 2022. The Aubrey is well-positioned close to the Energy Corridor and in the booming Westchase submarket to benefit from all these positive trends.”

Located at 2310 Crescent Park Dr., The Aubrey offers one-, two- and three-bedroom floorplans ranging from 700 to 1,300 square feet. The property is close to I-10, Sam Houston Tollway and Westpark Tollway, 30 minutes from downtown Houston and five minutes from Houston’s Energy Corridor. The property is close to Royal Oaks Country Club, Buffalo Bayou Bike Trail, parks and retail/entertainment.