Over $500,000,000 in deals done!

With the conclusion of our most recent refinance, Fat Property has completed over $500,000,000 in deals. This is a total of all purchases, sales, and refinances.

As always, our thanks (and credit) goes first and foremost to our hard working team members. But we can’t leave out the brokers who contacted us with their deals, the sellers who trusted us to close, and the lenders who have confidence in our ability to pay back our debts.

In regards to those relationships, there are a few points we’re very proud of:

  • For Brokers: We’ve never put a property under contract that we’ve failed to close
  • For Sellers: We’ve never put a property under contract and re-traded or needed an extension
  • For Banks: We’ve never been late on any payment. Ever. And kept global leverage under 60%

We’re very proud of this milestone and can’t wait to update again when we hit $1,000,000,000. That way we’ll be in the 3 comma club like this guy

It would have been a lot easier to do $500,000,000 worth of deals in Zimbabwe.

Welcome to the family, little guy

So we’re at our new Roseland property, planning for what we’re going to do to the place. We see that across the street, on the corner of Roseland and Woodrow, there is a nice old home for sale (with two garage apartments in the back). We called the agent and said “We’ll take it!”. A week later, it was ours.

We plan to start upgrading the place ASAP — new paint, windows, interior, flooring, and more. And renovating the garage apartments as well. So stop by and say “hi”. Or if you want to snag the home or apartments as a rental, reach out to us. We’ll be happy to work something out ahead of time. Or if you’re an STR operator and want to lease the whole thing for your STR business, hit us up. leasing@fatproperty.com.

4419 Roseland, Houston TX 77006 – Photo credit to the original listing

Two new Montrose properties – Welcome to the family!

On February 1 we welcome two new properties to the Fat Property family: 4402 / 4410 Roseland and 1930 North Blvd.

4402 Roseland is a full block in Montrose (77006) with Oakley St. to the north, Woodrow St. to the south, and Kyle St. to the west. As well as Montrose Blvd just one block over. It consists of 4x 1 bedroom units and 18x 2 bedroom units. It was built back in 1955 and the units and exterior maintain most of that same older charm. Units start under $1000 a month — continuing our tradition of working to offer some of the lowest priced options in the best areas of the city.

1930 North Blvd is on one of the nicest streets in Houston, in the heart of the Rice University submarket (77098). It’s set back with a huge wide esplanade in front, mature oak trees all around, and some of the nicest walking ares the city has to offer. Plus off street parking and a huge courtyard that looks like it’s from a fairy tail. The property is nearly 80 years old and offers the rare opportunity to live affordably in one of the best spots in the city. The building has a few 1 bedrooms starting at under $1000 a month and huge 2 bedrooms starting at about $1,700 a month. If you’d like to check out either of these properties for lease, give our team a call at 832-640-4444. Open M-F, 9-5:30. Or email us at leasing@fatproperty.com

To see these properties relative to our full map, check out our property locations map

Front of North Blvd from the street

Merry Christmas and Happy New Year!

Fat Property was busy busy busy in 2021, having bought over 400 units. Our largest year-over-year increase to date. The full 2021 recap will come soon. We wanted to use this post to update everyone with our holiday hours.

Our offices will be closed December 24th in observance of Christmas. Because New Years Day falls on a Saturday, all offices will be closed Saturday. However, all locations will be open business-as-usual Friday, December 31st 2021, and Monday, January 3rd, 2022 

Thanks to all our residents, employees, contractors, partners, lenders, vendors, family and friends that made this year possible. And here’s to an even better 2022!

Happy Columbus Day!

Christopher Columbus is sometimes credited with “discovering” America. Columbus wasn’t the first European to reach the Americas as Leif Ericsson of the Vikings had already visited. However, it was Columbus’ journey and discovery that led to the European colonization of the Americas.

The Portuguese, Spanish, French, English, and Dutch all sent more explorers and settlers following Columbus’ return telling about the riches of this new land.

Columbus first landed in the Americas on October 12, 1492 and the anniversary of the day has been celebrated in the new world ever since. The 300 and 400 year anniversaries in 1792 and 1892 were big events in the United States, but it wasn’t until 1937 that the day was made an official federal holiday. Originally the holiday was on October 12, but was changed to the second Monday of October in 1971.

We welcome our newest property – Terraces of Brompton

Our newest (and largest property) – Terraces of Brompton. We absolutely love it’s location, plus the rental rates are a steal giving where it’s at! The property itself is beautiful. It’s gated, well landscaped, and has great amenities like a 24/7 gym, two pools, a community center, and a staffed leasing office.

Come by and check it out. And while you’re there, why not lease an apartment?

Their office is open M-F, 9-5:3-0 and Saturday 10-2. Address is 7315 Brompton. Phone number is 713-665-1571

Don’t worry – you’re safe

While our site never had SSL (encrypted communication between you and a site), this was never much of an issue as most of the pages on our site do not ask for any information or transmit personal between your browser and our servers. The exception would be our tenant portal and application page. However, those two pages are actually connections between your web browser and our property management system which IS secure.

So even though the only two pages that have data transmitted were secure already, we decided to go ahead and upgrade our site to have SSL functionality. What does this mean for you? Well, now rather than having a “unlocked” padlock on the top left of your browser, you get a nice little ‘locked’ icon.

Cool eh? 🙂