West University Gardens

The Opportunity

West University Gardens is a 128 unit multifamily community in Bryan, Texas, within the Bryan and College Station market. The property presents a value-add opportunity in a submarket where new supply is constrained and rental demand is supported by a large, durable university anchor.

The plan is to acquire the asset at an attractive basis, invest in unit interiors and shared spaces, and improve day to day operations so that in-place rents move in line with the surrounding submarket. The going-in cap rate reflects current in-place income, with a clear path to strengthen net operating income over the hold.

Business Plan

The business plan pairs interior and exterior renovations with operational improvements. Unit interiors are updated on turn, while exterior and common area work improves curb appeal and the resident experience. On the operations side, the focus is disciplined revenue management, expense control, and stabilized occupancy, repositioning the asset to market rents.

Renovation scope may be executed by ATI Construction, an Openway affiliate. Any affiliated general contractor arrangement is disclosed to investors, subject to consent, with related party fees offset to the investment.

Market and Location

Bryan and College Station form a growing market anchored by Texas A&M University, one of the largest universities in the country by enrollment. A stable student population sits alongside employment and population growth across education, healthcare, and research, which together support steady rental demand across cycles.

Property Details

Prior Operator Performance

This offering is led by an experienced third party operating sponsor. Prior operator performance is provided in the offering materials and is attributed to the operator, not to Openway.

Prior performance is not indicative of future results and is not attributable to Openway Investments.