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You can trace the roots of Madera Residential back to 1991, but the story really started in 2008 when we bought our first apartment deal, The Lakes at Madera in Baytown, Texas. We received more than just our name from this property. We acquired it just before Hurricane Ike devastated the area in September 2008 followed by the financial crisis hitting in October of 2008. Looking back, this was a very challenging time for Madera Residential, but we now know the lessons we learned shaped who we are today.
The most important lesson we learned is that by leaning into relationships and doing the right thing we can weather any storm. The proof of this is The Lakes at Madera ending up being a massively successful property. In April of 2010 we bought our second property with the help of the same investors that invested with us in The Lakes at Madera.
Since then we have continued to aggressively grow our portfolio to where we are now considered an industry leader in the state of Texas. Our corporate office is located in Lubbock, Texas which we feel is a competitive advantage. Our vision is to continue to expand our influence of adding value to people and communities across Texas and beyond.