REO Sale: Normandy Apartments | Beaumont-Port Arthur MSA

Investment Highlights

• Significant Value-Add Opportunity: Strategic repositioning potential with upside well below market and replacement cost. Limited new units are expected in the submarket for the foreseeable future, creating near-term rent pressure and a favorable environment for rental growth.
• Strong Submarket Fundamentals: Located in a high-performing submarket with 91.8% occupancy and projected rent growth of 3.3%. Average household income within one mile exceeds $74,000, supporting tenant stability and rent uplift. Over the past twelve months, rents in the Port Arthur submarket have grown 7.7%, while vacancy has compressed to 5.5%.
• Replacement Cost Advantage: Acquisition basis is significantly below replacement cost, offering downside protection and long-term appreciation potential as construction costs rise.
• Access to Major Employers: Located near key industrial and energy sector employers including Motiva Enterprises, Valero Refining Group, ExxonMobil, Echo Maintenance, and Gulf Copper—supporting strong workforce housing demand and long-term rental stability.

Tours Available on Wednesdays from 11:00 AM - 2:00 PM CT. Please contact Ed Cummins for any questions. 

Offering Summary

Transwestern, in conjunction with RealINSIGHT Marketplace, is pleased to present Normandy Apartments, a 143-unit community located at 3800 Normandy Drive in Port Arthur, TX (the “Property”). The Property provides investors with an excellent opportunity to acquire an irreplaceable asset with substantial upside. Strategically located in a supply-constrained submarket, the Property benefits from a lack of new unit deliveries or proposals in the foreseeable future, setting the stage for continued rent growth. Over the past twelve months, rents in the Port Arthur submarket have grown 7.7%, while vacancy has compressed to 5.5%.

Built in 1978, Normandy Apartments consists of fourteen two-story buildings totaling 143 units, with an average unit size of 969 square feet. Situated on 7.4 acres, the Property offers ample surface parking for residents and guests. Currently 78% leased, Normandy presents a significant value-add opportunity, with in-place rents more than 20% below comparable properties in the area. This rare auction offering allows investors to acquire below replacement cost in a tightening rental environment, where strong fundamentals are supporting upward rent pressure and employment continues to drive rental demand

This sale represents a REO opportunity, giving investors the chance to acquire a lender-controlled asset through a streamlined transaction process. The nature of this offering positions buyers to move quickly and unlock value in a positively trending market.