The Laurel Condos

Capstone is pleased to present The Laurel Condos: a 28-unit apartment community located in Odessa, TX. Currently operating as short-term & corporate housing, The Laurel Condos have consistently achieved above-market rents due to the MSA’s need for short-term housing from the abundance of transient energy & healthcare workers. Ownership has undertaken a renovation program to prove the market’s appetite for renovated units, achieving a $500 premium above-market rents, while leaving sufficient upside remaining for the new owner in the form of classic units. The Laurel Condos represent a prudent investment opportunity for an owner to acquire a cash-flowing property with an abundance of value-creation opportunities remaining.

Investment Highlights:

Short-Term Rental Rates Well Above Comparable Rents

Proven Value-Add Story

Proximate to Region’s Demand Drivers