For Accredited Investors

Disciplined multifamily investing. 27 years of experience. 21 successful exits.

Partner with Trey Stone and Ian Stapleton to invest in value-add multifamily properties in Houston. We prioritize downside protection, operational control, and transparent reporting.

21 Successful Exits
6,304+ Units Operated
$100M+ Value Created

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Watch how Trey and the team approach multifamily investing

Featured on The BetterLife Podcast. Real conversations about disciplined entry pricing, operational control, and building long-term value.

Our Investment Scorecard

Past performance is not indicative of future results. All investments carry risk, including the potential loss of principal.

Realized Exits

21

Successful exits completed to date

Investors

450+

Investors who have partnered with us

Value Created

$100M+

Value created through operations and execution

Units Acquired

6,304

Multifamily units acquired and operated

Realized results. No pro forma fluff. Case studies shared on your call.

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Market Focus

Why Houston?

Houston continues to demonstrate strong multifamily fundamentals driven by population growth, job creation, and relative affordability.

400K+

New Residents

Projected to 2029

5th

Largest Metro

In the country

164K+

New Jobs

Projected to 2029

21%

Rent-to-Income

vs. 28% nationally

~2%

Supply Pipeline

Supply balanced

Local Expertise

Why Trey Stone?

Real estate is local. Trey brings decades of Houston-specific submarket knowledge, hands-on property evaluation, and a track record of disciplined execution.

  • Lives in the heart of Houston
  • Walks every single property himself
  • Decades of specific submarket knowledge
  • 29 years of multifamily experience with 21 realized exits
"Real estate is local. Houston is my backyard."

Open invitation: come walk an asset with us. See the operations, meet the team, and understand the process firsthand.

Invest in Houston With Trey. Book Your Call
Trey Stone. Co-Founder and CEO of Track Record Assets

The Playbook

Buy right. Finance right. Operate right.

A simple, repeatable framework. Designed to help avoid "bad math and bad debt" by anchoring every decision in disciplined process.

01

Buy Right

Target acquisitions with favorable basis and break-even positions. Disciplined underwriting seeks to create built-in margin of safety through entry price alone, evaluating downside scenarios before upside potential.

02

Finance Right

Prefer long-duration, stable financing over short-term, aggressive structures. Conservative assumptions for rate environments and exit timing aim to reduce refinancing pressure and preserve optionality.

03

Operate Right

In-house operational teams manage properties directly. No third-party management. A KPI-driven cadence tracks revenue, occupancy, expense control, and capital improvements week over week.

The Team

Who you will work with.

A leadership team built around operational discipline, investor transparency, and hands-on execution.

Trey Stone

Trey Stone

Co-Founder & CEO

25+ years, 21 realized exits. Industry awards. The "operator's operator."

Ian Stapleton

Ian Stapleton

Co-Founder & CMO

Top YouTuber turned major LP. Now invests millions of family wealth alongside you.

Brandon Fulep

VP of Investor Relations

Your first call. Dedicated to answering questions and ensuring clarity.

Nick Shaffer

Chief Syndication Officer

Focused on building strong investor partnerships.

Common Questions

Straight answers to real concerns.

We hear these questions often. Here is how we think about them.

No. Bad debt and paying high prices killed bad deals. The asset class itself remains one of the most fundamental in real estate. When entry pricing is disciplined and financing is conservative, multifamily may offer compelling risk-adjusted opportunity. Especially during market resets when others are forced to sell. We aim to buy right, not buy at any price.

Because Trey lives here, knows the submarkets intimately, and walks every property personally. Real estate is local. Decades of submarket-specific knowledge. From school districts to flood zones to employment corridors. Informs every acquisition decision. We believe focus is a competitive advantage, not a limitation.

We use long-term, fixed-rate financing as our preference. We aim to avoid floating-rate, short-duration debt structures that contributed to distress across the industry. Conservative assumptions for rate environments and exit timing are central to our underwriting approach. Debt discipline is a core pillar of our framework.

Modeled conservatively with buffers. Texas property taxes and insurance costs are material and well-documented. We underwrite these expenses with conservative assumptions and build in buffers to account for potential increases. This is factored into every acquisition analysis from day one. It is not an afterthought.

21 exits. Trey sold at the peak and waited through the cycle. That patience and discipline. Knowing when not to buy. Is central to our approach. We share case studies and operating insights openly. We invite you to walk properties with us. Transparency and realized outcomes are how we aim to build trust, not marketing promises. Past performance is not indicative of future results.

We underwrite submarket absorption at a granular level. Not broad Sunbelt averages. Houston's supply pipeline sits at approximately 2%, and we focus on submarkets with strong demand drivers. New supply tends to concentrate in Class A luxury segments, which is a different competitive set from the value-add, workforce housing we target. Local knowledge matters here.

Important Disclosures

This website and the information contained herein are for informational purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any such offer or solicitation will be made only by means of a confidential private placement memorandum or other appropriate offering document, and only to qualified investors in compliance with applicable federal and state securities laws.

Investments in real estate syndications are speculative and involve substantial risk, including the potential loss of the entire investment. Past performance is not indicative of future results. There can be no assurance that any investment will achieve its objectives or that investors will receive a return of their capital. Projected returns, if any, are hypothetical and may not reflect actual future performance.

All investments described or referenced herein are available exclusively to accredited investors, as that term is defined under Rule 501 of Regulation D of the Securities Act of 1933, as amended. Prospective investors are encouraged to consult with their own legal, tax, and financial advisors before making any investment decisions. Track Record Assets and its affiliates do not provide legal, tax, or investment advice.

Forward-looking statements, estimates, and projections contained herein are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially from those projected. Track Record Assets does not undertake any obligation to update or revise any forward-looking statements.

By accessing this website, you acknowledge that you have read, understood, and agree to be bound by these terms and the full disclaimers available on our website.