H6 Apartments
GPI Investment acquired H6 Apartments in October 2017 from its developer at a price below replacement cost. Located at the core of Energy Corridor between Highway 6 and I-10, H6 has a strong demand from renters looking to enjoy the Houston elite lifestyle with luxury finishing and great amenities. Through active management, the rental income steadily increased over the holding period. Our management team was able to capture a great time to sell at peak price, and as a result, bring substantial capital gain from a core Class A property investment.
| Year Built | 2016 |
| Class | A |
| Purchase Price | $42.9mm |
| Sold Price | $55.6mm |
| Total Return | $14.17mm |
| Holding Period | 4.56 Years |
| Total ROE | 75.37% |
| Average ROE | 16.57% |
With over $760 million in total investments and $197 million in total distributions, GPI continually strives to help our investors achieve long-term financial goals since our founding 14 years ago.