Happy Independence Day!

Happy 4th of July!

All Fat Property offices will be closed on the 4th of July so that our team can enjoy the day with their famines. For any emergency work requests, please use the tenant portal or call our after hours number.

FILE – Spectators watch as fireworks explode overhead during the Fourth of July celebration at Pioneer Park, on July 4, 2013, in Prescott, Ariz. The skies over a scattering of Western cities will stay dark for the third consecutive Fourth of July in 2022 as some big fireworks displays are canceled again, this time for pandemic related supply chain or staffing problems, or fire concerns amid dry weather. The city of Phoenix cited supply chain issues in canceling its three major Independence Day fireworks shows. (AP Photo/Julie Jacobson, File)

Happy 15th Birthday!

Oh kids — they grow up so fast!

15 years ago the owner sat at a computer, typing domain names into a registration site to see what might be available so he could registered a company name to match. After 845 different names tried, ‘fatproperty.com’ showed up as available. And the rest is history.

From that first 8 unit property, Fat Property has purchased over 2,000 units and has become one of the most active buyers of multifamily in Houston

Here’s to another exciting 15 years!

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. [email protected]

If I were the last of the few who always ask
Would you still be the same person that I knew
And if it’s for me, another boring story
I swear I’ll act enthused

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 [email protected]

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

Don’t stop, the band is coming on
Rude boys and punks will shout along
Police cars bring cuffs and loaded guns
Kids scream, but laughing as they run

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!