Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area

Property Description

The Portfolio is comprised of 221 single-family homes with 35% of homes built after 2010. The Portfolio is currently 100% occupied, and the homes have been exceptionally maintained, including 156 homes having received an average of $6,800 of capital improvements since 2016. A majority (59%) of the homes are 3-bedroom floor plans, with the balance comprised of 4 bedrooms (39%) and a handful of 2- and 5-bedroom homes. The superior quality of these homes in established neighborhoods will allow a new owner to benefit from strong, stable cash flow for years to come.

Investment Highlights

Ability to Achieve Scale with a Recent Vintage Portfolio

With 65% of the homes built after 1990 and 35% built after 2010 – by ownership or acquired from builders - the Portfolio is well positioned for

minimal capex needs in the near term.

History of Strong Occupancy

The existing ownership has prioritized high occupancy which resulted in strong collections through the pandemic.

Dallas-Ft Worth Leading Metro Up To Pandemic

In terms of population and employment growth, Dallas is at or near the top in all metrics compared to other MSAs.

Last Updated Date: 22 Mar 2021
Matthew Putterman
Matthew Putterman
Senior Director, Capital Markets
License details
TX-598192
Zach Nolan
Zach Nolan
Senior Director, Capital Markets
License details
FL-SL3280497

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Last Updated Date: 22 Mar 2021

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