Disrupt Equity, a prominent real estate investment firm, is pleased to announce the acquisition of The Ridley, an apartment complex located in the heart of Houston’s Galleria/Uptown District. The current owners have injected $4 million in capital improvements since 2019, highlighting the property’s stabilized nature. Disrupt Equity plans to integrate Emerge Living, its property management arm, to enhance operational efficiency and reduce economic vacancy.
“The Galleria/Uptown District is a dynamic area with tremendous growth potential,” said Ben Suttles, Managing Partner of Disrupt Equity. “We are excited to bring Emerge Living on board to manage The Ridley, ensuring that we can maximize operational efficiencies and deliver exceptional living experiences to our residents.”
Feras Moussa, also a Managing Partner at Disrupt Equity, added, “Our investment in The Ridley aligns with our strategy of acquiring high-potential properties in thriving markets. The Galleria area’s robust commercial and retail environments, coupled with its population growth and affluent demographics, make The Ridley a prime investment.”
The Galleria/Uptown District is the 15th largest business district in the United States, boasting over 200,000 daily visitors and hosting over 2,000 multinational companies with more than 84,000 personnel across 30 million square feet of commercial space. The area features six million square feet of high-end retail space, housing numerous retail establishments like Walmart, Home Depot, REI, PGA Superstore, and many more, along with a diverse selection of dining options including El Tiempo, Pappasito’s, Pappadeaux, and Fogo de Chao.
Within a one-mile radius of The Ridley, the population has increased by 7.2% between 2010 and 2023 and is projected to rise by 2.4% by 2028. The average household income is $92,519 as of 2023, with 60.7% white-collar jobs. The average home value stands at $473,435, making this locale highly attractive for potential investors and residents alike.
For more information about Disrupt Equity, please visit DisruptEquity.com or contact invest@disruptequity.com.
About Disrupt Equity:
Disrupt Equity is a real estate investment firm specializing in the acquisition, enhancement, and management of multifamily properties across the United States. Their mission is to provide exceptional returns to their investors through strategic investments and efficient management practices.
