Case Study

The Bennett Baytown Apartments

The Bennett Baytown (formerly Oxford at Country Club), a vintage property from 2010 in Baytown, Texas, underwent a strategic transformation led by Stoneweg US. Attracting both professionals and families with its prime location, the property saw targeted improvements. Stoneweg US successfully executed a comprehensive interior value-add program, enhancing the property's appeal and value. The acquisition was notably secured at a price significantly below replacement cost through an off-market transaction. The success of these efforts was evident upon the disposition of the property.

image of apartment outdoor space with picnic table

Total Units




Net Equity Multiple



  • Favorable ESG Location

    Baytown, Texas proved to be a favorable ESG location as it had invested in renewable energy sources, such as wind and solar power, which made the energy use of this all-electric multifamily community less carbon intensive. The community was strategically located with convenient access to both Interstate 10 and Beltway 8. Bennett Baytown was in close proximity to major employers and offered a variety of shopping, entertainment, dining, and recreation venues.

  • Strong Market Fundamentals

    The Baytown area is influenced by the Houston shipping canal as well as petroleum production.  Houston Methodist Baytown Hospital (adjacent) – $100MM expansion, ExxonMobil (1.2 mi) – $1.9B expansion and Covestro (4.5 mi) – $1.7B expansion.

This investment was grounded in favorable market fundamentals and exemplified our capacity to swiftly and strategically adapt to the evolving post-pandemic market conditions.

headshot of Sam Palmer
Sam PalmerEVP, Asset Management and Development
interior activity room with pool table in center
ESG Resident Retention Plan

Bennett Baytown benefited from two specific and related principles:

  • Retention

    Baytown provided residents with a healthy and comfortable living environment, including air quality, temperature control, and access to green spaces. In light of the pandemic, we leaned into reducing vacancy rates and increasing profitability through the fundamentals of good service.

  • Reputation

    Bennett Baytown scored an ORA score of 81, which is an aggregate of feedback across multiple platforms. This extraordinary result supported retention and achieving rent premiums.

Back to Top