Case Studies : Esperson Houston, TX

Amstar acquired this fully renovated and 75 percent leased asset at a time when many investors continued to view Houston as an over-supplied office market. With “hands-on” local management, Amstar conceived of and executed on a business plan tailored to delivering superior management services to retain and grow the existing tenant base. Additionally, we instituted a spec suite build-out program to enable faster absorption and respond to the abbreviated leasing windows afforded tenants as the CBD market spiked.
Three years into our ownership, Amstar and its client elected to sell the asset in response to an increased institutional investor interest in Houston office investments.