Fogelman Properties (Fogelman), one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce the acquisition of Inkwell Greenhouse (“Inkwell”), a 301-unit apartment community in Katy, Texas.
Built in 2018, Inkwell features one, two and three-bedroom apartment homes with rental rates starting at $1,253 per month. The recently acquired property is 91% occupied and managed by Fogelman.
Fogelman’s investment plan includes a comprehensive rebrand, as well as new exterior paint, enhancements to the pool and outdoor pavilion area, the clubhouse, fitness center and pet spa/dog park.
"Inkwell is a tremendous addition to our portfolio. It is a high-quality, newer community in one of the best locations in West Houston,” Thomas Henry, VP of Investments at Fogelman. “Being situated within the #1-rated Houston school district makes it especially attractive to families, and we're seeing strong growth in the Katy area. We're excited to invest in upgrades that will make Inkwell an even better place to call home, while supporting the continued growth of this thriving community."