Greybrook invested equity capital and is overseeing the repositioning of the Houston Piney Point Value-Add project. The firm intends to reposition an existing garden-style apartment community of 10 three-story buildings with over 240 units, located at 8787 Woodway Drive in Houston, Texas.
The garden-style community is adjacent to Piney Point Village—one of Texas’ most affluent communities. The property benefits from proximity to high-ranking schools, premium retail, and abundant amenities, making it highly attractive to residents seeking quality living within a prestigious enclave. It also offers seamless access to Houston’s top employment hubs, including the Galleria/Uptown, Westchase, Memorial City, and the Energy Corridor—all within a 10-minute commute. The area is also home to numerous Fortune 500 employers such as Apache, ConocoPhillips, and Sysco. As one of the seven largest cities in the Sun Belt, Houston continues to outpace national averages in both employment and population growth, further enhancing the long-term appeal of this value-add community.
