Portfolio

Brooklyn / Clearwater

Atascocita,Forney, TX, US

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

Number of units

253 units

Occupancy

91.00%

Building area gross

434,806 sf

Brooklyn / Clearwater (2 Properties)

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