Brooklyn / Clearwater

Atascocita,Forney, TX, US

Brooklyn / Clearwater_Property for Sale


Brooklyn / Clearwater 2_Property for Sale

Portfolio description

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


Number of units
253 units
Building area gross
434,806 sf
Brooklyn / Clearwater (2 Properties)
Brooklyn / Clearwater (2 Properties)

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​​

Brooklyn / Clearwater 4_Property for Sale
Brooklyn / Clearwater 4_Property for Sale

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Last updated
Nov 30, 2022