The Standard at Eastpoint (formerly the Ravella at Eastpoint) is a 283-unit Class-A luxury community located in Baytown, TX. The property is situated just north of Interstate 10 and Garth Road, near numerous employers, schools, and entertainment venues. The neighborhood is rapidly expanding with new homes and places residents within walking distance from Banuelos Elementary School and minutes from the Exxon Mobil refinery, the largest refinery in the United States. Large employers near The Standard include Exxon Mobil, Exxon Olefins Plant, Mont Belvieu Plastics Plant, Baytown Technology & Engineering Complex, HEB, Shell, Chevron, Methodist Hospital, Walmart, Ikea, Lee College, and the Port of Houston.
The Standard at Eastpoint, completed in 2016, consists of eleven buildings, including a fully amenitized clubhouse. The property offers one, two, and three-bedroom floor plans ranging from 609 square feet to 1714 square feet. Unit amenities include designer oak cabinets, stainless steel appliance package, granite countertops, modern light fixtures, and hardwood-style flooring. Community features include clubhouse, billiards table, poker room, electric car-charging stations, swimming pool, poolside cabanas and WiFi, business center, outdoor lounge with large TVs, poolside summer kitchen, 24-hour fitness center, and covered parking. Detached garages are available for lease.
Stonemark Management assumed management services at closing. ApexOne Multifamily Special Situation Fund IV, LP purchased the property and will hold long-term to capture growth and appreciation.