Accredited Investors Only

21 Realized Exits. $100M in Value Created. Now Open to New LPs.

Trey Stone has spent 29 years buying, renovating, and selling multifamily assets in Houston, TX, and every one of those exits has been profitable. The next value-add acquisition is open for accredited investors who want their capital behind an operator with a verified track record.

Northside Upgrade — Houston, TX

21 Exits | $277M Sold | 5,913 Units

Trey Stone, CEO

21
Realized Exits
$177M
Total Acquired
$277M
Total Sold
$100M
Value Created
5,913
Units Managed

The Playbook

Three Disciplines That Protect Your Capital

Every acquisition goes through the same framework that has produced 21 profitable exits over 29 years. No shortcuts, no third-party operators, no pro-forma projections masquerading as results.

Buy Right

Acquire multifamily assets below replacement cost in Houston submarkets where population growth outpaces new supply. The margin of safety starts at the purchase price, not the spreadsheet.

Finance Right

Lock in fixed-rate, long-term debt on every acquisition. No variable-rate exposure, no refinancing gambles. Interest rate discipline means your returns are not at the mercy of the Fed.

Operate Right

No third-party management companies. Trey runs every asset with daily KPIs, weekly accountability cycles, and direct oversight of every unit turn, every lease, and every maintenance request.

Current Opportunity

Northside Upgrade — Houston, TX

A value-add multifamily acquisition in one of Houston's highest-growth corridors, minutes from Downtown, The Heights, and the Texas Medical Center.

Asset Class
Multifamily
Strategy
Value-Add
Market
Houston, TX
Operator
Trey Stone
Track Record
21 Exits
Experience
29 Years

Why Houston

Projected new residents through 2029 400,000+
U.S. metro ranking 5th Largest
Projected new jobs 164,000+
Rent-to-income ratio 21% vs 28%
New supply pipeline ~2%

Realized Results

29 Years of Profitable Exits

No pro forma projections. No unrealized marks. Every number below represents capital that went in, value that was created, and profits that were distributed back to investors.

$177M
Total Acquired
$277M
Total Sold
$100M
Value Created

Next Step

Schedule a Strategy Call

Speak with the Track Record Assets investor relations team about the current offering, the Houston thesis, and how qualified LPs participate in the next acquisition.

April 2026

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