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Makaan Investment Group Acquires $33MM Property at Houston’s Energy Corridor

  • Writer: Admin
    Admin
  • Feb 17, 2022
  • 2 min read

Makaan further grows its footprint in the Texas Multifamily Market by acquiring Providence at Champions. In a $ 33MM-deal, the company locked in the 288-unit property conveniently located along Northwest Houston’s Energy Corridor.


“Around 91,000 people are employed by the Port of Houston and the more than 300 energy companies in the area. Providence at Champions is a thriving community that offers rich options for employment, entertainment, and education,” sharedMakaan CEO Madina Shaik.


Since closing in February 2022, Providence at Champion has delivered strong occupancy numbers. The team’s projections place the property’s IRR at around 23.64% with a 2.56x Equity Multiple and cash-on-cash returns at 10% on a holding period of 5 years.


Embrace the Abundance of the City


Providence at Champions captures the best of city living. It’s brimming with options for retail and entertainment, providing essentials to help a community thrive. Within minutes, residents can cross Highway 249, Sam Houston Tollway, and I-45 to watch a race or tournament, shuttle the kids to their choice of public or private schools, or start their work day. Whichever way they take, they are bound to enjoy.


What’s more, residents can come home to the comforts of the community. They can lay back and enjoy the property’s share of luxuries: a beautifully-designed pool, picnic area with barbecue, 24-hour fitness center, and the great company of fellow residents who gather for monthly events.


One resident shared in a review, “These apartments are beautiful and spacious inside. The leasing office team is also very nice and helpful. The location is awesome as well, close to a lot of good department stores.”

Providence at Champions offers the thrill of living close to the city’s pulse. For more information on this property, see the details below.






5100 FM 1960 Rd.Houston, TX 77069



Are you interested in investing in similar properties?

Contact Makaan Investment Group by calling/texting us at 281-500-8554.

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11445,Compaq center W Dr, Bldg CCA6; Ste 200, Houston, TX 77070

Contact: 281-500-8554

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Our offerings under Rule 506(c) of Regulation D are for only accredited investors who meet the definition of an accredited investor as described by SEC guidelines. This is not an offer for the sale of securities.  The sale of any securities is only made through a private placement memorandum after the potential investor qualifies for the placement of the investment.  Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind on behalf of the Company.

Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Makaan Investment Group nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Offers to sell, or solicitations of offers to buy, any security can only be made through official offering documents that contain important information about investment objectives, risks, fees and expenses. Prospective investors should consult with a tax or legal adviser before making any investment decision.

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