VIRGINIA BEACH, VA (September 11, 2025) – Croatan Investments (“Croatan”), a rental housing investment manager serving private wealth and institutional capital, is pleased to announce the sale of District West, a 117-unit build-to-rent project in Houston, Texas.
Acquired in April 2023 during a period of elevated pricing and market uncertainty, Croatan Investments invested in a preferred equity position. By uncovering relative value in the build-to-rent space and applying disciplined oversight, Croatan successfully positioned District West for a profitable exit, delivering strong returns to investors in the face of a challenging environment.
Our focus remains on uncovering undervalued multifamily real estate opportunities that maximize risk-adjusted returns for our investors
“This transaction reflects our ability to uncover relative value in the build-to-rent sector and capitalize on opportunities ahead of the curve,” said Paul Van, Chief Executive Officer of Croatan Investments. “Our focus remains on uncovering undervalued multifamily real estate opportunities that maximize risk-adjusted returns for our investors.”
District West will feature a gated community of 117 homes averaging 1,679 square feet complemented by resort-style amenities including a swimming pool, community center, and dog parks. Each home features a two-car garage and private backyard or patio. The property has already generated significant interest due to its prime location in Houston, a market experiencing robust population growth and demand for high-quality rental housing.
“The Houston market continues to be an attractive rental housing market, supported by strong population growth and a diverse economy,” said Ben Bartlett, Chief Operating Officer. “The success of District West reinforces our focus on pursuing opportunities in regions with great fundamentals and long-term growth drivers.”
The realization of District West demonstrates the success of Croatan Investments’ strategy to generate profitable exits and compelling investor outcomes.