Coronado on Briarwood is a 2020-built, core-quality asset offering strong in-place cash flows, meaningful upside through mark-to-market rent repositioning, and the opportunity of an 8% cash-on-cash yield. Located in Midland, Texas, the 384-unit property benefits from access to 190,000+ jobs, rising rents, and no new supply.
Strategic Location in Midland, Texas
Direct Access to 190,000+ Jobs and Major Infrastructure Projects, Including STRATOS and the I-20 Corridor Expansion
Proven Yield in a High-Barrier Market
96% Occupancy, No Concessions, No New Supply, and Rising Replacement Costs Translates to Day-1 Yield
Substantial Rent Growth Potential
In-Place Rents Average $1,770, with a 6.6% Loss-to-Lease Upside to Market Rents of $1,883. 2024 Rents Increased 8%+
Rent & Revenue Growth Momentum
2025 Rental Income Growth Increased by 13.2% and Revenue Growth by 10.6%
