101 Center - University of Texas Arlington
101 S Center St, Arlington, TX, 76010-7106, US
244 units
Attributes
Number of units
292
Occupancy
90%
Year built
2016
Building area gross
18,220 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale The Class B Special Limited Partner Interest in The Savannah at Gateway, a 292-unit Senior LIHTC Property in Plano, TX. Located in the Premium Dallas MSA which experienced 15.3% max rent growth over the past two years and ranks as the 4th largest MSA in the United States. The Savannah at Gateway offers Investors a stable bond-like cash flow due to the $675 spread of market-rate rents over in-place lease rents. Strong AMI and income limit growth (7.1% and 4.7% growth projected for 2024 and 2025, respectively) present investors with additional organic upside.
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Investment Highlights
- Robust Max Rent Growth
- Stable Bond-Like Cashflow
- Highly Amenitized Community Tailored to Senior Residents
- Growing Plano Submarket
- Premium Dallas Metro
Media
The Savannah at Gateway (0 Properties)
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Last updated
16 May 2024