Westover Hills

Westover Hills is a 124-unit, lender-owned multifamily community in Big Spring, offered following a period of operational disruption that has driven occupancy below stabilized levels. Since taking control, the lender has installed professional third-party management, creating a stabilized operational framework and positioning the asset for a new owner to execute a focused lease-up and repositioning strategy. The property is well-situated within a workforce-oriented submarket supported by major institutional employers, including VA Medical Center, Big Spring State Hospital, Howard College, and Federal Correctional Institution, which collectively anchor a consistent renter base.

Prior ownership initiated interior renovations and invested significantly in critical infrastructure, including full boiler replacements and extensive plumbing improvements, materially reducing near-term capital needs. A new owner can capitalize on this foundation by bringing offline units back online, absorbing vacancy, and implementing operational enhancements such as ancillary income streams. With the market already demonstrating support for stabilized operations at this asset class, Westover Hills presents a compelling value-add opportunity at a basis reflective of its current performance, with a clear path toward stabilization and long-term cash flow growth.

Available