Portfolio

Brooklyn / Clearwater

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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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 Gross
Number of units 253
Occupancy 91.0 %
Call for Offers 2022-04-19

Portfolio description

253 Newly Constructed Homes | Highly Amenetized Suburban Submarkets in Houston and Dallas MSAs

Investment Highlights

  • Ideal time to invest in built-to-rent product driven by
    • Pandemic accelerated flight to suburbs
    • Renters seeking less dense living spaces
    • Elevated homes prices - 18.9% and 30.5% increase since November 2020 in Atascocita & Forney, respectively
  • Exceptional Area Demographics
    • $150K and 105K average household income in a one mile radius of Clearwater at Balmoral & Brooklyn Village, respectively
  • Strong Rental Market - 16.0% and 21.6% T12 rent growth in Houston & Dallas, respectively
  • Highly Amentizied Suburban Nodes
  • Both communities are minutes from the area's top developing retail & entertainment destinations
    • HEB recently purchased land less than 1 mile from Brooklyn Village
      • Residents at Clearwater at Balmoral have direct access to Texas' first crystal clear lagoon​​


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Brooklyn / Clearwater (2 Properties)
Clearwater at Balmoral
Atascocita, TX, United States
Brooklyn Village
Forney, TX, United States
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Last Updated Date: 17 Mar 2022

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