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2424 East T C Jester Boulevard

John Griggs Of Presidium Acquires 186-Unit Multifamily Community On Jester Boulevard In Houston
SOLDMultiFamily

John Griggs Of Presidium Acquires 186-Unit Multifamily Community On Jester Boulevard In Houston

2424 East T C Jester Boulevard

Building Size

178,094 SF

Asset Type

MultiFamily

Closing

Mar 23, 2026

AI

The property asset involved in this transaction is a multifamily community located at 2424 ETC Jester Boulevard in Houston. The asset comprises 186 units and has a total square footage of 178,094. This property is situated in the vibrant Heights submarket, which is desirable for its proximity to amenities.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 186
  • Square Feet: 178,094
  • Address: 2424 ETC Jester Boulevard
  • Market: Houston
  • Buyer: John Griggs
  • Company: Presidium

John Griggs, representing Presidium, has successfully acquired the multifamily community. This acquisition includes plans for renovations aimed at enhancing amenities and interiors of the 2001-built asset. The property is positioned near the White Oak Bayou Greenway Trail, enabling Presidium to target long-term value growth in a high-demand location.

Players

John Griggs

Presidium Group

Buyer

$68.5M

vol

3 deals

Buyer

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93