280-Unit Discovery at West Road in Houston, TX With Sam Morris, Apartment Investing Expert

Whitney Elkins-Hutten of PassiveInvesting.com interviews Sam Morris of LSCRE about the $44M acquisition of Discovery at West Road, a 280-unit multifamily property in Houston’s Cypress submarket. Sam explains how financial—not physical—distress created the opportunity and why certainty of close mattered more than being the highest bidder. He walks through in-house due diligence, uncovering operational issues, deferred maintenance, and the decision to replace on-site management immediately after takeover. The conversation also covers the 5-year Freddie Mac fixed-rate, interest-only loan at 65% LTV, the equity raise, a 7% preferred return with a 70/30 split, and how declining insurance costs in Houston improved the deal. Sam closes by sharing why location within Cypress ISD made this asset stand out and what he’d do differently next time.

You can listen to 280-Unit Discovery at West Road in Houston, TX With Sam Morris, Apartment Investing Expert online on Radio and Podcast. Open the player on this page to stream the available audio.

280-Unit Discovery at West Road in Houston, TX With Sam Morris, Apartment Investing Expert is an episode from Multifamily Investor Nation by Whitney Elkins-Hutten.

This episode is 25:27 long.

This episode was published on Feb 23, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Multifamily Investor Nation when more episodes are available from the podcast feed.