Receivership Sale: Multifamily Lease-Up Opportunity

Highlights:

• Significant Lease-Up Upside: Currently 45.5% occupied, offering a clear path to stabilization and NOI growth.
• Newer Vintage Asset: Built in 2000, newer than most Lufkin multifamily inventory, supporting long-term durability and appeal.
• Strong Market Fundamentals: Lufkin averages ~90.8% occupancy with rents up nearly 5% since 2024 (ALN), supporting lease-up and rent growth.
• Proximity to Key Demand Drivers: Less than one mile from Angelina College, near Loop 287 and South First Street retail and dining.
• Stable Local Economy: Supported by healthcare, manufacturing, and retail, providing consistent rental demand.
• Broad Unit Mix: One-, two-, and three-bedroom units appeal to a wide renter base and support absorption.

Description:

Ri Marketplace Online Auction February 16th-18th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2940/receivership-sale-multifamily-lease-up-opportunity?utm_source=connectcre&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2940

Edge Capital Markets, in conjunction with, RealINSIGHT Marketplace, are pleased to present for sale Shadow Creek I & II in Lufkin, Texas. Shadow Creek I & II is a 222-unit, garden-style multifamily community located at 2807 Daniel McCall Drive in Lufkin, Texas. Constructed in 2000, the property sits on approximately 15 acres and consists of eight residential buildings across two phases separated by Daniel McCall Drive: Shadow Creek I (132 units) and Shadow Creek II (90 units). Currently 45.5% occupied, the property features a well-balanced mix of one-, two-, and three-bedroom floor plans designed to serve a broad renter demographic. Community amenities include a clubhouse, business center, fitness center, coffee concierge, swimming pool, laundry facility, pet play area, picnic and grilling areas, and a playground, creating a fully equipped living environment for residents.

Shadow Creek represents one of the newer-vintage multifamily communities in the Lufkin market, where the majority of competing properties were developed prior to 2000. According to ALN Apartment Data, the Lufkin multifamily market maintains an average occupancy of approximately 90.8%, reflecting strong underlying rental demand. Shadow Creek’s average effective rent of $1,132 exceeds the market average of $995, and asking rents across the market have increased nearly 5% since 2024. The property’s current 45.5% occupancy provides an immediate opportunity for a new owner to execute a lease-up and stabilization strategy in a high-occupancy market, driving organic revenue growth through operations.

The property is conveniently located just south of downtown Lufkin with direct access to Loop 287 and close proximity to Angelina College, which serves approximately 5,927 students. Residents benefit from nearby daily retail, dining, and service options along South First Street, as well as efficient connectivity throughout the city.

Lufkin serves as the commercial and healthcare hub of East Texas and features a stable, diversified employment base supported by healthcare systems, manufacturing facilities, and regional retail. Major employers include multiple medical centers and manufacturing plants specializing in paper products and metal fabrication. The Lufkin MSA, home to approximately 90,000 residents, is characterized by steady population growth, strong community fundamentals, and consistent housing demand—creating a durable backdrop for long-term multifamily investment performance.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: