Class A+ High-Rise Multifamily Investment Opportunity in Houston, Texas

7 Riverway is one of Houston’s original high-rises, setting the standard for the product in modern era in the Houston metro. The 21-story ultra-luxe, boutique community features hotel-like amenities and original finishes in generously sized units. It has a signature address in a mixed-use, park-like setting in the Galleria/Uptown District, which has the smallest pipeline in Houston’s urban core and the least amount of developable land. ​

Investment Summary
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Investment Highlights

Institutional Ownership
7 Riverway has been institutionally owned and exceptionally well-maintained since its development.

Strategic Design

Thoughtfully designed and positioned to capture premium, high-income renters-by-choice demographics.

Value-Add Potential
Value-add returns are credible with interior updates to reflect modern multifamily trends.

Compelling Rent Gaps
$500+/unit ​ rent gap with newest and closest high-rises.

Irreplaceable Site
Incomparable location in a mixed-use environment with 4 office buildings within walking distance totaling 1.3MM SF office space and housing 3K employees.

Rare Urban Park Access
Walking/running distance to the hike and bike trails of Memorial Park, one of the largest urban greenspaces in the U.S. with 1,466 acres.

Expensive Housing Market

Located in the #2 most expensive areas in the Houston metro with $1.4MM median for-sale pricing.

Condo Conversion Potential
New ownership could explore condominium conversion due to quality of product, exclusivity of niche location, small number of total units, and large unit sizes.

Limited Competition
High-rises comprise only 8% of existing multifamily supply within 3 miles.

Minimal New Supply
Only 1 property under construction in the submarket with no additional units scheduled.

Galleria/Uptown District Nearby

Within 5 minutes of the 15th largest suburban district in the U.S., including 28MM SF office space, 6.3MM SF of luxury retail, 83K jobs, and 200K daily population.

Texas Medical Center Proximity

Within 15 minutes of the world's largest medical center with 50MM SF developed, 106K employees, 60K students and $3B in construction projects underway.

Houston Market
Houston is currently ranked #3 in U.S. for multifamily demand with 33,451 units absorbed during the past 12 months. The metro is exhibiting 10.6% T12 rent growth and has a declining new supply pipeline.

Property Gallery

Investment Sales and Mortgage Banking

Senior Managing Director
+1 (713) 553-0151

Senior Managing Director
+1 (713) 826-5979

Managing Director
+1 (214) 533-3322

Managing Director
+1 (972) 743-5742

Managing Director
+1 (601) 919-5155

kyle whitney
+1 (713) 724-1456

Senior Financial Analyst
+1 ​ (713) 469-4512

tucker s. knight
Senior Managing Director
Mortgage Banking
+1 (713) 469-4515

7 Riverway, Houston, TX 77056

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