Rowan Multifamily Advisors is pleased to announce the exclusive listing of The Enclave Apartments in San Angelo, Texas. The Enclave Apartments is a 1974 construction, fourteen-unit property offering a one bed and one bath floor plan at 600 square feet. Situated between Austin and Midland, The Enclave’s location provides exposure to multiple regional employment hubs, steady through-traffic along key West Texas corridors, and the broader economic drivers connecting Central Texas to the Permian Basin.

Thirteen of the units have been upgraded by current management, as well as a remodeled laundry room. The Enclave’s opportunity lies in continued property upgrades such as covered parking and in unit washers and dryers, as well as a RUBS implementation to recover utility costs.

INVESTMENT HIGHLIGHTS

• Upgraded units helping to boost day one value
• Opportunity to boost annual revenue by ~25% in Year 1
• San Angelo’s diversified economic base is anchored by stable institutions supporting consistent housing demand 

Rowan Multifamily Advisors in pleased to announce the exclusive listing of Rio @ 1604, in San Antonio, Texas. Rio @ 1604 is a 132-unit, 1984 construction property with an average unit size of 1,242 square feet. The property is located 30 minutes Northwest of the city center, putting it in ample location to employment hubs throughout the city. 

The current owner has done major work to the property under their ownership including partial renovation of the units, additional washers and dryers, windows replaced in all units, as well as other exterior cosmetic items. The current opportunity lies in the continuation of those property upgrades such as, renovation of the remaining 50 units, the addition of washers and dryers in said units, private yards, as well as reserved parking stalls.

INVESTMENT HIGHLIGHTS

• 1,242 SF Average Unit Size
• Capital expenditures deployed by previous ownership 
• Opportunity to continue renovations and add value through multiple aspects

Rowan Multifamily Advisors is pleased to announce the exclusive listing of The Coronado Crossing Apartments in Lubbock, Texas. The apartments are comprised of six floor plans ranging from one-bedroom units to four-bedroom units. The previous ownership put the property through both interior and exterior cosmetic renovations for a cleaner look yet still offer the opportunity for a new investor to update interior items like appliances, countertops, cabinets, and flooring. The property also offers an onsite laundry facility offering tenants a highly desirable amenity.

The Coronado Crossing Apartments are located along 34th St in Lubbock. 34th St is a major East to West road that connects all the major destinations in Lubbock. Coronado Crossing is located in between Texas Tech University and Lubbock Christian University, which boasts a combined enrollment of over 42,000 students. This property is in a prime location to serve the ever-growing needs of Lubbock’s local university, community, as well as the growing general population.

INVESTMENT HIGHLIGHTS
•Attractive unit size relative to the market
•Room to push rents on day one
•Opportunity to capitalize on updating unit interiors

Rowan Multifamily Advisors is pleased to announce the exclusive listing of 4222 Newton, six units in the heart of Oak Lawn. Conveniently located South of the residential areas of Highland Park, University Park, and Preston Hollow, and just North of Uptown, 4222 Newton is near the most sought-after parts of Dallas from both leisure and professional aspects. New development has been concentrated in this pocket of Dallas, with multiple office, multifamily, and mixed-use projects in the pipeline.

Before any capital improvement dollars are spent, rents can benefit from surrounding comparable properties. There is also an opportunity to bring interiors up to date as units turn and capitalize on greater rent premiums seen in newer constructions.

INVESTMENT HIGHLIGHTS

• Prime location near both city and residential amenities
• Easy access to Dallas North Tollway and Highway 75
• Located near new public and private projects

INVESTMENT OVERVIEW
Rowan Multifamily Advisors is pleased to announce the exclusive listing of The Creole Apartments, a 49-unit value-add property in Waco, Texas. Originally built in 1971, the property has received interior renovations and upgraded common areas, along with capital improvements including new security gates, parking lot resurfacing, as well as key plumbing and HVAC upgrades to enhance its position for future growth.

Creole Apartments is located just minutes from Baylor University, one of Texas’s leading universities, ensuring steady demand from students and faculty. The property offers excellent accessibility, with convenient connections to major roadways including Interstate 35 and U.S. Highway 84, as well as close proximity to Waco Regional Airport and downtown Waco. Residents also enjoy easy access to parks, Lake Waco, trail heads, golf courses, schools, shopping, dining, and entertainment options.

INVESTMENT HIGHLIGHTS

• Market rents ~$100 lower than nearby comparable properties
• Recent capital expenditure deployment
• Opportunity to incorporate washer dryer connections proving a possible increase of ~$30k annually in other income.

Rowan Multifamily Advisors is pleased to announce the exclusive listing of Colonial Apartment Homes. Built in 2004, Colonial consists of 17 fourplex buildings, offering one-bedroom/one-bath, two-bedroom/one-bath, and two-bedroom/two-bath units ranging from 750 to 1,250 square feet. The community, located approximately 30 minutes from Fort Worth, provides close proximity to both CBD and outer-loop employers.

The property features functional layouts, washer/dryer connections, covered patios, and updated interior finishes such as granite countertops and stainless steel appliances in select units—positioning it competitively within the workforce housing segment. Its setting offers a blend of suburban livability and accessibility, appealing to renters seeking affordability and space within commuting distance of DFW. Colonial Apartment Homes presents a new investor with the opportunity to execute a value-add program through continued interior renovations, while also benefiting from broader market dynamics.

• Stabilizing Multifamily Fundamentals: Newer supply (~50% post-2020) has largely been absorbed, with rents appearing to have bottomed and positioned for growth.
• Limited Competition: Colonial Apartments is the only market rate property within 5 miles constructed between 1990 and 2018.
• Affordability + Location Advantage: Cleburne offers a lower cost of living with convenient access to major DFW employment hubs, supporting renter demand.
• Major Employment Driver: The Amazon distribution center (June 2026 delivery) is expected to bring 800–1,000 jobs, driving incremental housing demand.
• Proven Value-Add Upside: Ownership has renovated 26 units, achieving a $231 rent premium.
• Positioned Ahead of Growth Cycle: The combination of stabilized fundamentals, job growth, and public investment creates a compelling entry ahead of long-term expansion.

RMA is pleased to announce the exclusive listing of The Barcelona on Chisholm Trail, a 248-unit, value-add property in Southwest Fort Worth. The asset sits in a high visibility location just off the newly constructed Chisholm Trail Parkway, with traffic counts over 40,000 vehicles per day. The Barcelona on Chisholm Trail presents a new investor the opportunity to carry out a value-add program through continued interior renovations as well as updates to the amenity set.

•Quality, 1980s Construction with Robust Amenity Set
•Located just off the Chisholm Trail Parkway – Providing Residents Easy Access to Downtown Fort Worth
•Tremendous Value Creation Potential Through Continued Stabilization, Interior Upgrades, and Other income
•Strong Location with Median Household Incomes of $78,000 within Three Miles
•Quality Retailers and Grocers within Walking Distance – Costco, Target, Chick-Fil-a, etc.

Rowan Multifamily Advisors (RMA) is pleased to present the exclusive listing of The Patios of McKinney. This one-of-a-kind, single-story community comprises 60 units built in 1970, each featuring private entries, vaulted ceilings, expansive fenced patios, and in-unit washer/dryer connections.

The Patios is ideally located in McKinney, TX—one of the fastest-growing suburbs in the Dallas–Fort Worth metroplex. The city’s population has grown from 54,000 in 2000 to more than 220,000 in 2024, underscoring strong long-term demand fundamentals.

In 2021, the property underwent an extensive renovation, with 50 of the 60 units fully upgraded. Interior improvements included new kitchen cabinets, granite countertops, stainless steel appliances, updated bathroom vanities, designer backsplashes and shower tile, new bathtubs and shower pans, modern lighting and ceiling fans, upgraded closets, luxury vinyl plank flooring throughout, new windows, and swinging patio doors. Exterior enhancements included new concrete patio slabs, fencing, painted brick, new HVAC systems, and more.

Investment Highlights

• Distinctive boutique community with strong value-add upside through lease-up and stabilization
• Prime McKinney location less than one mile from the intersection of Interstate 75 and Highway 380
• Significant recent capital investment, including new windows*, gutters, exterior paint, and more
• Proximity to major employers such as Raytheon, Independent Financial, Encore Wire, and McKinney National Airport

• Limited Competition – Only two properties over 50 units were constructed pre-1980 within the City of Mckinney

Rowan Multifamily Advisors is pleased to announce the exclusive listing of the North Park Townhomes in Springtown, Texas. Built in 2020, North Park consists of 48 large, townhome style units including three bedroom/two bath units and three bedroom/two and a half bath units with an average of 1,316 square feet per unit. This fourplex style community is located just 20 miles from the outer loop of Fort Worth providing quick access to all of the Fort Worth job centers. 

The property includes high end finish outs such as granite countertops, stainless steel appliances, undermount sinks, washer and dryer connections, expansive private yards, direct access garages and nine foot ceilings. North Park is located in Springtown, a Northwestern suburb of Fort Worth with a population of 3,200 people but feeds off the rapid growth of the Dallas/Fort Worth metroplex. There is no other new inventory coming inline in the Springtown market, making Northpark the destination for quality renters in this area. 

Investment Highlights

​​​​​​​North Park gives a new investor the opportunity to purchase a strong, cash flowing asset in a low competition area just outside of Fort Worth. Though this property is new construction, there are some areas to add value including providing washer and dryer machines to the residents for a $50 premium per month. Other areas for value creation include adding a wireless internet package and billing the residents for this service and adding a community pergola with grilling station.

3001 Crystal Springs is a 152-unit multifamily community built in 1983 and located in the highly desirable suburban submarket of Bedford, Texas. The property has undergone significant recent capital improvements, including new roofs, exterior paint, renovated unit interiors, and upgraded amenities, positioning the asset in strong physical condition. 

• Stabilization Upside – Currently operating at ~85% occupancy, providing immediate value creation through lease-up to market occupancy levels.

• Strong Physical Condition – Recent capital improvements including new roofs, exterior paint, renovated units, and amenity upgrades significantly reduce near-term capital expenditure risk.

• Rental Growth Potential – Ability to increase rents through continued unit renovations and improved operational execution in a strong suburban rental market.

• Premier Suburban Location – Situated in Bedford, Texas, within the highly desirable Mid-Cities corridor, benefiting from strong schools, stable demographics, and proximity to major employment centers.

• Complete Rebuild of Building 1 – All 8 units have been completely renovated and rebuilt to acheive a high level rent premium.