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Retreat by Watermark

  • 5721 Timbergate Dr, Corpus Christi, TX 78414 - Corpus Christi, Tx

Project Details

Built 2017 • 324 Units • 93% Occupied

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Project Summary

Retreat by Watermark is a Class A multifamily community that is located in the City of Corpus Christi less than 3 miles from Texas State Highway 358. The property provides residents with high-quality amenities, including a resort-style swimming pool, a fitness center, outdoor cooking areas, and more. The property is currently 93% occupied and has been very well maintained by the current
ownership. The brokers currently marketing the property are advertising Retreat by Watermark as an opportunity for prospective buyers to renovate unit interiors and raise rents by more than $100 per unit, in turn displacing the low and mode rat e income families that currently live at the property. By partnering with Ascenda, the Cameron County HFC would be able to preserve the in-place affordability for Corpus Christi’s workforce families that call Retreat by Watermark their home.