2100 East 10th Street, Odessa, TX 79761

The Paddocks Apartments represents a rare opportunity to acquire a stabilized, renovated asset in Odessa, Texas, a city currently serving as the operational heartbeat of the Permian Basin—the #1 producer of oil and gas in the United States. As of early 2026, the Odessa economy continues to outperform national averages, bolstered by a regional GDP that has expanded consistently and a labor force that reached record highs in 2025. With major employers like Halliburton, Saulsbury Company, and the Ector County Independent School District providing a deep and diverse tenant base, the demand for mid-market, garden-style housing remains resilient. The Odessa apartment market has seen steady rent growth, with average monthly rents for one-bedroom units reaching approximately $1,147, offering a compelling yield spread for investors looking to capitalize on a market defined by high energy-sector wages and a 1.6%–2.5% annual job growth rate. Furthermore, this acquisition is structured as a court-approved sale, providing a rare entry point at a high-going-in cap rate and a projected yield that significantly outperforms current market averages.