Timberwalk Apartments Direct Investment

Direct Investments, Opportunities

Alternative Investors Mastermind Postcast

Hosted by Jack Krupey

Alternative Investors
Mastermind Postcast

Hosted by Jack Krupey

The JKAM team is excited to share our newest investment opportunity Timberwalk Apartments, a 300 Unit Multifamily value add project in booming Northwest Houston market. 

Due to nearby ownership / natural portfolio fit and strong local relationships, JKAM’s operating partner was offered first look at Timberwalk Apartments and secured the asset off market before it received wider attention. The Dallas-based seller has only one other property in Houston and neglected management, allowing Timberwalk’s rents to fall over $100 behind similar next-door neighbor, Bear Creek Crossing. 

Key Investment Details

Preferred Return: 9% | Projected IRR: 15-18%

Projected Equity Multiple: 1.55x | Projected Hold Period: 3 yrs 

Monthly Distributions

Investment Highlights

Investment Overview:

  • Timberwalk is a 300-unit, 1983 vintage multifamily property in the Bear Creek Village submarket of
    Northwest Houston.
  • Built in 1983, the property has a 60% / 40% mix of 1-bed and 2/3-bed plans, averaging 717 square feet
    at $1,031 monthly rent. Out-of-town seller has neglected upkeep, creating an opportunity to remedy
    deferred maintenance and bring rents to market rate.
  • Bear Creek is a quality mid–upper workforce area, with extensive single family residential as well as
    national retail on Addicks-Salsuma Road (TX-6) / nearby Copperfield. It is conveniently located to
    Houston’s major employment centers, with access via Northwest Freeway, I-10 / Katy Freeway, and
    the job-rich FM-1960 corridor.
  • Per YardiMatrix, the submarket has seen 12% rent growth in the past year. Future rent growth
    is projected at over 4% annually through 2025, for over $200 over the projected three-year hold.
  • Per Neighborhoods.com, Median Home Sales in Bear Creek Village are $231,250. Currently, listed
    prices are $225k to $340k
  • Timberwalk offers strong value-add returns, targeting 16.3% net IRR / 6.3% average cash-on-
    cash (over 3 years).

Business Plan:

  • JKAM’s Operating Partner will renovate all units: 75% to a premium finish for $103 rent
    increase, and 25% to an elite (stainless / granite) finish level for a $203 premium. This
    program is well-capitalized at $11,806/unit capex spend, and well-supported by next door
    Bear Creek Crossing, which is achieving $100 higher rents than Timberwalk despite inferior
  • In addition, washer/dryers will be installed in all units. 60 units will receive new connections.
  • Reserved parking (102 spaces @ $30/month) will offer additional revenue potential.
  • Amenity upgrades will include fitness center, poolside grills / pergola, signage, business
    center, repurpose derelict sport court, exterior paint and remedy deferred maintenance.

Submarket Jersey Village / Salsuma:


  • Powerful rent increases of +13.1% T12, with Y1 rent growth projected at 6% (Yardi Matrix), or about $211 of organic rent growth through our investment hold period (in today’s dollars), with annual growth rate elevated over 4% through 2026.
  • Location in Bear Creek offers a compelling combination of employment access, affordability, and suburban lifestyle for a solid mid / upper workforce resident base. Median home sales are $231,500, with listed prices ranging from $225,000 to $340,000. Nearby new / 2000s build apartments rent for $400–700 higher (Edge at Langham Creek, Somerall Station, Yorktown Crossing).
  • Walkable to Local Retail Timberwalk residents enjoy unique proximity and walkability to nearby retailers, restaurants,
    and family attractions including farmers market, roller rink, IHOP, Dairy Queen, and Krispy Kreme.
  • George Bush Park / Bear Creek Pioneers Park only 12 minutes from over 9,954 acres (62 square miles) of outdoor recreation.


Make Reservation

Steps to invest:

  1. Make A Reservation
  2. Schedule A Call
  3. Verify Accreditation
  4. Review & E-sign Docs
  5. Fund

Investor Timeline:

  1. Reservation Deadline June, 23rd
  2. Funding Deadline June,  24th
  3. This offering has limited space and will be on a first come first serve basis.