Lodge At Baybrook

Property Type: Multifamily

In partnership with Adams LaSalle Realty, FCA acquired Lodge at Baybrook in 2014. This 322-unit, garden-style apartment property was constructed in 1999 and offers an excellent location next to the massive Baybrook Mall – a regional shopping destination offering over 1M square feet of shopping, dining and entertainment venues.  Additionally, the property offers easy access to I-45, allowing a short commute time to Houston and Galveston.  This property offers several amenities, including a resort-style swimming pool, 24-hour fitness center, a sand volleyball court, conference room, business center, and gated community access.

This was a value-add investment; during the hold period, the partnership invested approximately $1.4M in capital improvements to the property’s common areas and unit interiors. This property was sold in 2018.