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About
About Lument Portfolio
The Cushman & Wakefield Texas Multifamily Advisory Group and Lument Investment Sales are pleased to present the exclusive listing of The Ellington, a 170-unit, 1982-built garden community located in San Antonio, Texas, and Miramar, a 143-unit community built in 1984 and located in Houston, Texas.
The Ellington is proximate to major employment centers, including JBSA’s Fort Sam Houston, San Antonio International Airport, and over 20MM square feet of industrial space. Ellington also gives residents a cost-effective alternative to owning a home, as home prices and mortgage rates have increased drastically. Additionally, The Ellington offers prospective buyers an exceptional opportunity to acquire a property with attractive value-add upside, and 67% of units are not fully upgraded. Ellington also has additional avenues for revenue expansion, including installing washer/dryer appliances in all units.
Miramar is ideally positioned in West Houston, benefitting from proximity to more than 700,000 jobs and two of the city’s major employment centers, the Energy Corridor, and The Galleria. The property represents a compelling value-add opportunity, with 40% of units remaining in classic condition, and multiple avenues for revenue growth including the addition of in-unit washer/dryer appliances and Wi-Fi in all units.
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