Fuse at Park Row: a 318-unit Class A apartment community in the Energy Corridor, West Houston.
AnchorHeart Properties is a co-sponsor of this value-add multifamily investment on the Katy Freeway corridor, offered to accredited investors alongside Headway Capital and Momentum Multifamily.
View the offering- Units
- 318
- Purchase price
- $44.0M
- Price per door
- $138,365
- Below current owner's basis
- 36%
Buying 36% below the current owner's all-in cost basis
The current owner bought in 2022 and is all in at $216,000 per unit after improvements. We are buying at $138,000 per unit, 36% below that cost basis, and our projected exit is still below what the current owner put in.
The business plan
Fuse at Park Row has not been renovated. We plan to spend about $2.66M on unit interiors, exterior paint, the clubhouse, and amenities, and upgrade units as residents move out. Light interior upgrades are expected to support $100 to $200 per unit in added monthly rent.
The location
The property sits off Park Row Drive with direct I-10 (Katy Freeway) access, between Memorial and Cinco Ranch, and is zoned to Katy ISD. It is a short drive to the Energy Corridor, CityCentre, and Memorial City employment centers.
The community and neighborhood
- Resort-style pool with in-water lounge chairs, cabanas, and a fire pit patio
- Dog park
- Fitness center and yoga room
- Reservoir trail behind the community
- School bus stop right outside
- Homes across the street range from $600K to $1M, a high barrier to entry for homeownership
- Property
- 14.47 acres
- Fixed Rate Financing
- $31.2MM Freddie Mac loan, 70% LTV, 5.40%, 7 years
- Hold period
- About 5 years
Gallery
Projected returns by investor class
| Class | Minimum | Preferred return | Avg. cash on cash | Equity multiple | IRR |
|---|---|---|---|---|---|
| Class A | $500,000 | 8% | 7.16% | 2.18x | 18.59% |
| Class B | $150,000 | 8% | 7.16% | 2.09x | 17.53% |
| Class C | $50,000 | 7% | 7.11% | 2.00x | 16.41% |
Returns shown are projections, net of sponsor compensation, and are not guaranteed. This offering is limited solely to accredited investors under Rule 506(c) of Regulation D. Past performance is no guarantee of future results. All investments involve risk, including possible loss of principal.
Meet the Asset Operation Team
Our operating partners bring deep Houston multifamily experience and roughly 6,700 units under management between them.
Headway Capital
A Texas multifamily investment firm led by founder Sid Shamim and cofounder Dr. Anam Omer, with apartment communities in Houston, Katy, Arlington, Victoria, and Phoenix.
Momentum Multifamily
A Texas-based multifamily investment firm led by managing partners Dustin Miles and Hayden Harrington, who each bring more than 15 years of real estate experience.
How Investing Works
- 1
Learn about the deal
Review the executive summary and this page, then book a call with our team to ask questions.
- 2
Review the documents
Read the private placement memorandum and subscription agreement in the investor portal.
- 3
Verify accredited status
Rule 506(c) offerings require reasonable steps to verify accredited status, such as a letter from your CPA, attorney, or registered advisor.
- 4
Sign and fund
Complete the subscription documents and send funds following the instructions in the portal.
- 5
Stay informed
Receive investor updates, distributions as described in the offering documents, and your annual tax documents.
Frequently Asked Questions
Who can invest in Fuse at Park Row?
Only accredited investors under Rule 506(c) of Regulation D. We verify accredited status before accepting any investment.
What is the minimum investment?
Minimums depend on the investor class: $50,000 for Class C, $150,000 for Class B, and $500,000 for Class A. See the projected returns table above.
How and when are distributions paid?
Distributions are planned monthly, starting one to three months after closing, and depend on the property’s operating cash flow. They are not guaranteed. The offering documents describe the details.
How long is my money invested?
The business plan assumes a hold of about five years, but the actual timing depends on market conditions and the sponsors’ decisions. This is an illiquid investment, so plan not to need these funds during that period.
What are the main risks?
You can lose some or all of your investment. Risks include changes in rents, occupancy, expenses, and interest rates, renovation costs, the ability to refinance or sell, and reliance on the sponsors. Projections are estimates and may not be realized. The offering documents contain the full risk factors, so please read them carefully.
What fees do the sponsors charge?
Fees include a 2% acquisition fee and a 2% asset management fee, as summarized in the offering materials. The offering documents contain the full fee schedule and control if there is any difference.
What is AnchorHeart Properties’ role?
AnchorHeart Properties is a co-sponsor of Fuse at Park Row, working with the operating partners Headway Capital and Momentum Multifamily.
Can I invest with retirement funds?
Yes. Many investors use a self-directed IRA or similar retirement account. We partner with self-directed IRA custodians, including Directed IRA, Equity Trust, and CAMA Plan, to help with the asset transfer process. Retirement accounts can have special tax rules, so please consult your tax advisor. Ask our team to get started.
What tax documents will I receive?
Investors typically receive a Schedule K-1 each year. Tax treatment varies by investor, so please consult your tax advisor.
How do I get started?
Request the executive summary below or book a call with our team.
Request the executive summary
Get the key numbers, business plan, and terms for Fuse at Park Row. Tell us a little about yourself and we will send the summary and follow up. This offering is open to accredited investors only.
Request investor information
This is a Rule 506(c) offering for accredited investors only. View the offering in our investor portal, or book a call and we will confirm eligibility.
View the offeringBook a call with our teamQuestions? Email us at invest@anchorheartproperties.com or call (281) 544-0529.