Lionstone Investments has recently acquired The James, a luxurious apartment building located at 2303 Mid Lane in the highly sought-after River Oaks neighborhood. Developed by StreetLights Residential and Stonelake Capital Partners, this eight-story complex opened its doors in 2016 after an impressive $100 million investment as part of a mixed-use development.
The James offers top-of-the-line amenities such as a private full-service bar for residents and electric vehicle charging stations. With units ranging from 504 to 1,867 square feet, tenants can expect to pay monthly rates between $1,325 and $3,890. Currently boasting an impressive occupancy rate of 94 percent,
this property is sure to attract high-end renters looking for luxury living options.
According to recent data from the Houston Association of Realtors,
the demand for leased properties in the Houston area has increased by
6.7 percent compared to last year’s numbers – with average rent prices also seeing a steady climb of
3.8 percent up to $2,345 per month.
This latest acquisition adds another valuable asset under Lionstone’s portfolio – further solidifying their position as experts in real estate investments within the thriving Houston market.
