Country View Properties · 12-unit multifamily investment opportunity country view properties 4978...

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12-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY Country View Properties 4978 FM 902, Gainesville, Texas 76240

Transcript of Country View Properties · 12-unit multifamily investment opportunity country view properties 4978...

Page 1: Country View Properties · 12-unit multifamily investment opportunity country view properties 4978 fm 902, gainesville, texas 76240. ... analysis summary 15 financial summary 16 unit

1 2 - U N I T M U L T I F A M I L Y I N V E S T M E N T O P P O R T U N I T Y

Country View Properties4978 FM 902, Gainesville, Texas 76240

Page 2: Country View Properties · 12-unit multifamily investment opportunity country view properties 4978 fm 902, gainesville, texas 76240. ... analysis summary 15 financial summary 16 unit

E X C L U S I V E L I S T I N G B R O K E R S

C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M

Edge Realty Capital Markets5950 Berkshire Lane, Suite 700, Dallas, Texas 75225

214.545.6900 | edge-re.com

Country View Properties4978 FM 902

Gainesville, Texas 76240

Mart MartindalePrincipal, Capital Markets

[email protected] 214.545.6917

Brandon CrowSenior Associate, Capital Markets

[email protected] 214.545.6940

Chaz McCurryAssociate, Capital Markets [email protected]

214.545.6908

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E X E C U T I V E S U M M A R Y 5

T H E P R O P E R T Y 6

P R O P E R T Y D E T A I L S 7

L O C A T I O N M A P 8

A E R I A L 9

E X T E R I O R I M A G E S 1 0

I N T E R I O R I M A G E S 1 1

F L O O R P L A N S 1 3

T H E F I N A N C I A L S 1 4

A N A L Y S I S S U M M A R Y 1 5

F I N A N C I A L S U M M A R Y 1 6

U N I T M I X 1 7

H I S T O R I C A L C A S H F L O W 1 8

P R O F O R M A C A S H F L O W 1 9

C A S H F L O W A S S U M P T I O N S 2 0

T H E M A R K E T 2 1

M A R K E T O V E R V I E W 2 2

D I S C L A I M E R 2 5

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Table of Contents

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Property Overview

O V E R V I E WO V E R V I E W

P R O P E R T Y Country View PropertiesU N I T S / G L A 12 units / 12,132 sf

P R I C E $1,600,000

L O C A T I O N 4978 FM 902, Gainesville, Texas 76240 C A P R A T E 7.77%

• Brand new construction (2019)

• Fully occupied

• One and two bedroom floorplans

• Low management intensity

• Near immediate occupancy demonstrates void for this product in market

• Covered parking

• Residential atmosphere

• Tenant portal: www.liveatcountryview.com

C O U N T R Y V I E W P R O P E R T I E S | 4

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Executive Summary

I N V E S T M E N T O V E R V I E W

Country View Properties (“Property”) is a 12-unit newly constructed rental community located on FM 902 outside of Gainesville, Texas near Lake Kiowa. The 100% occupied property differs from traditional rentals by providing a residential living experience in a small-town atmosphere, atypical of typical multifamily environments. The Property consists of 3 individual single-story buildings situated on 3 acres. Each building consists of 2, 1-bedroom units and 2, 2-bedroom units, with large walk-in closets with custom built-in shelves, granite kitchen countertops, custom shaker-style cabinetry throughout, stainless steel Frigidaire appliances, luxury plank flooring, a private patio with storage closet, and covered parking. The Property also offers tenants an online portal which allows them the convenience of paying rent or requesting maintenance and other services online (www.liveatcountryview.com).

T O P I N V E S T O R M A R K E T

Dallas/Fort Worth is the 4th largest metropolitan area in the nation. According to data from the US Census Bureau, the DFW metroplex gains another person every four minutes. The local economy has added jobs at one of the fastest rates in the nation, averaging more than 100,000 per year since 2012, outpacing the national economy and resetting the bar for market performance.

Located on I-35 and US Highway 82, Gainesville, Texas is a city in and the country seat of Cook County, 71 miles north of the Dallas/Fort Worth metroplex.

Dallas/Fort Worth 4th largest metropolitan area in the nation

Gainesville is located 71 miles north of the Dallas/Fort Worth metroplex

Population of 1,954,598 within 50 miles

U N I T S / G L A 12 units / 12,132 sf

P R I C E $1,600,000

P R I C E P E R U N I T $133,333

C A P R A T E 7.77%

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The Property

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Property Details

A D D R E S S4978 FM 902Gainesville, Texas 76240

L A N D A R E A ± 3.17 ac

G L A 12,132 sf

Y E A R B U I L T 2019

O C C U P A N C Y 100%

# O F U N I T S 12

Z O N I N G B1 - real, residential, multifmaily

T A X A U T H O R I T Y / I D Cooke County / 48097

B U I L D I N G E X T E R I O R Wood and vinyl exterior

R O O F Pitched roof. Shingles

H V A C Individual units

U T I L I T I E S Tenant pays electric, water and trash

P R O P E R T YF E A T U R E S

Walk-in closets, granite kitchen countertops, stain-less steel appliances, stackable washer/dryer con-nections, private patio with storage closet, online tenant portal with mobile app, covered parking, Callisburg ISD

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Location Map

DESOTO

DUNCANVILLE

FORT WORTH

GRAPEVINE

CARROLLTON

FRISCO

DENTONMCKINNEY

WEATHERFORD

MINERAL WELLS

DALLASMESQUITE

DFW AIRPORTDALLAS LOVE

FIELD AIRPORT

PROSPER

THE COLONY

COPPELL

FLOWERMOUND

LEWISVILLE

ALLEN

PLANO

KELLER

NORTHRICHLAND

HILLSLAKE WORTH

AZLE

BURLESON

MANSFIELD

MIDLOTHIAN

CEDAR HILLKAUFMAN

TERRELL

RICHARDSON

GRANBURY

IRVING

ARLINGTON

SHERMAN

DENISON

MELISSA

ANNA

WHITEWRIGHT

GAINESVILLE

WHITESBORO

VALLEY VIEW

SANGER

THACKERVILLE

MUENSTERMONTAGUE

NOCONAPOTTSBORO

BONHAM

DECATUR

ALVORD

PARIS

GREENVILLE

ROYSE CITY

COOPER

COMMERCE

30

35E20

820

35W

635

75

175

121

161

360

114

12

35

35E

380

287

ROCKWALLGARLAND

ROWLETT

WYLIE

20

635

20

205

28767

67

80

FARMERSVILLE

69

82

75

289

8282

35W

380

287

121

69

35

FM 902

FM 678

FM 372

FM 2

19

FM

20

71

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Aerial

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Exterior Images

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Interior Images

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Interior Images

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Floor Plans

The Reese2 bedroom 2 bath | 1,151 sf

The Grant1 bedroom 1 bath | 871 sf

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The Financials

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Analysis Summary

ANALYSIS OVERVIEW

PROPERTY NAME Country View Properties

ADDRESS 4978 FM 902

CITY, STATE Gainesville, TX

ANALYSIS START DATE 6/1/2020

HOLD PERIOD 7 years

PROPERTY OVERVIEW

NUMBER OF UNITS 12

RENTABLE SQUARE FEET 12,132 sf

ACRES 3.17 acres

YEAR BUILT 2019

CURRENT OCCUPANCY AS OF 4/2/2020 100.00%

AVERAGE SF PER UNIT 1,011 sf

AVERAGE MONTHLY RENT PER UNIT $1,050

AVERAGE MONTHLY RENT PSF $1.04

POTENTIAL GROSS RENT MULTIPLIER 10.58x

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Financial Summary

PURCHASE SUMMARY REVERSION SUMMARY

VALUE $1,600,000 HOLD PERIOD 7 years

PER UNIT $133,333 DISPOSITION PRICE $1,975,214

PSF LAND $11.59 PER UNIT $164,601

IN-PLACE CAP RATE 7.77% CAP RATE 6.50%

PRO FORMA CAP RATE 6.75%

CAPEX PER UNIT - CASH ON CASH (AVERAGE) - 7 -YEAR HOLD 7.28%

TOTAL COST $1,600,000 YIELD ON EQUITY (AVERAGE) - 7 -YEAR HOLD 8.67%

ALL CASH IRR - 7 -YEAR HOLD 9.58%

LEVERAGED IRR - 7 -YEAR HOLD 15.68%

ALL CASH MULTIPLE - 7 -YEAR HOLD 1.73x

LEVERAGED MULTIPLE - 7 -YEAR HOLD 2.43x

DEBT CAPITAL STRUCTURE

PRINCIPAL BALANCE $1,040,000

LOAN TO COST RATIO 65.00%

LOAN FEE 1.00%

EQUITY REQUIRED (INCLUDING LOAN FEE) $570,400

INTEREST RATE 5.00%

TERM 7 years

AMORTIZATION PERIOD 30 years

INTEREST ONLY -

DEBT CONSTANT 6.44%

DEBT YIELD -

IN-PLACE DSCR -

PRO-FORMA DSCR 1.61x

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Unit Mix

UNIT TYPE

BEDROOM / BATHROOM DESCRIPTION UNITS% OF PROPERTY

UNIT SQ FT TOTAL SQ FTMONTHLY MARKET RENTS

MARKET RENT PSF

MONTHLY MARKET RENT TOTAL

ANNUAL MARKET RENT TOTAL

A1 1 Bedroom / 1 Bathroom The Grant 6 50.00% 871 5,226 $875 $1.00 $5,250 $63,000

A2 2 Bedroom / 2 Bathroom The Reese 6 50.00% 1,151 6,906 $1,225 $1.06 $7,350 $88,200

TOTAL / AVERAGE 12 100.00% 1,011 SF 12,132 $1,050 $1.04 PSF $12,600 $151,200

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Historical Cash Flow

T-12 FINANCIALS T-12 FINANCIALS YEAR 1 PRO FORMA

% PER YEAR PROFORMA % PER YEAR

RENTAL INCOME

SCHEDULED MARKET RENTS $131,286 $151,200LOSS TO LEASE/GAIN TO LEASE - - - -

GROSS POTENTIAL RENT $131,286 $151,200

VACANCY - - ($7,560) 5.00%CONCESSIONS - - - -MODEL & STORAGE UNITS - - - -EMPLOYEE UNITS - - - -BAD DEBT / DELIQUENCIES - - ($378) 0.25%DOWN UNITS - - - -

EFFECTIVE RENTAL INCOME $131,286 $143,262

SERVICE & OTHER INCOME PER UNIT PER UNIT

FEE INCOME $3,572 $298 $420 $35PET RENT $555 $46 $600 $50WASTE FEE $1,834 $153 $2,100 $175WATER FEE $3,669 $306 $3,600 $300

TOTAL SERVICE & OTHER INCOME $9,631 $803 $6,720 $560

EFFECTIVE GROSS INCOME $140,917 $11,743 $149,982 $12,499

OPERATING EXPENSES PER UNIT PER UNIT

CONTRACT SERVICES - - $1,800 $150GENERAL & ADMINISTRATIVE $1,792 $149 $1,200 $100MARKETING $3,838 $320 $600 $50UTILITIES $10,420 $868 $1,500 $125REPAIRS & MAINTENANCE $4,848 $404 $2,400 $200MANAGEMENT FEES - - $5,999 $500INSURANCE $5,666 $472 $5,700 $475REAL ESTATE TAXES - - $20,428 $1,702CAPITAL RESERVES - - $2,400 $200

OPERATING EXPENSES $26,564 $2,214 $42,027 $3,502EXPENSE RATIO 18.85% 28.02%

NET OPERATING INCOME $114,353 $107,955

INTEREST - $51,652

PRINCIPAL - $15,344

TOTAL DEBT SERVICE - $66,995

CASH FLOW AFTER DEBT SERVICE $114,353 $40,960

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Pro Forma Cash Flow

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8

PROFORMA

RENTAL INCOME% PER YEAR (YEAR 1)

SCHEDULED MARKET RENTS - $151,200 $154,980 $158,855 $162,826 $166,897 $171,069 $175,346 $179,729LOSS TO LEASE/GAIN TO LEASE - - - - - - - - -

GROSS POTENTIAL RENT $151,200 $154,980 $158,855 $162,826 $166,897 $171,069 $175,346 $179,729

VACANCY 5.00% ($7,560) ($7,749) ($7,943) ($8,141) ($8,345) ($8,553) ($8,767) ($8,986)CONCESSIONS - - - - - - - - -BAD DEBT / DELIQUENCIES 0.25% ($378) ($379) ($380) ($381) ($382) ($383) ($384) ($385)

EFFECTIVE RENTAL INCOME $143,262 $146,852 $150,532 $154,304 $158,170 $162,133 $166,195 $170,358

SERVICE & OTHER INCOME PER UNIT

FEE INCOME $35 $420 $431 $441 $452 $464 $475 $487 $499PET RENT $50 $600 $615 $630 $646 $662 $679 $696 $713WASTE FEE $175 $2,100 $2,153 $2,206 $2,261 $2,318 $2,376 $2,435 $2,496WATER FEE $300 $3,600 $3,690 $3,782 $3,877 $3,974 $4,073 $4,175 $4,279

TOTAL SERVICE & OTHER INCOME $560 $6,720 $6,888 $7,060 $7,237 $7,418 $7,603 $7,793 $7,988

EFFECTIVE GROSS INCOME $12,499 $149,982 $153,740 $157,592 $161,540 $165,588 $169,736 $173,988 $178,346

OPERATING EXPENSES PER UNIT

CONTRACT SERVICES $150 $1,800 $1,845 $1,891 $1,938 $1,987 $2,037 $2,087 $2,140GENERAL & ADMINISTRATIVE $100 $1,200 $1,230 $1,261 $1,292 $1,325 $1,358 $1,392 $1,426MARKETING $50 $600 $615 $630 $646 $662 $679 $696 $713UTILITIES $125 $1,500 $1,538 $1,576 $1,615 $1,656 $1,697 $1,740 $1,783REPAIRS & MAINTENANCE $200 $2,400 $2,460 $2,522 $2,585 $2,649 $2,715 $2,783 $2,853MANAGEMENT FEES $500 $5,999 $6,150 $6,303 $6,461 $6,622 $6,788 $6,958 $7,132INSURANCE $475 $5,700 $5,843 $5,989 $6,138 $6,292 $6,449 $6,610 $6,776REAL ESTATE TAXES $1,702 $20,428 $20,938 $21,462 $21,998 $22,548 $23,112 $23,690 $24,282CAPITAL RESERVES $200 $2,400 $2,460 $2,522 $2,585 $2,649 $2,715 $2,783 $2,853

OPERATING EXPENSES AFTER RESERVES $3,502 $42,027 $43,078 $44,155 $45,259 $46,390 $47,550 $48,739 $49,957

EXPENSE RATIO 28.02% 28.02% 28.02% 28.02% 28.02% 28.01% 28.01% 28.01%

NET OPERATING INCOME $107,955 $110,662 $113,437 $116,282 $119,197 $122,186 $125,249 $128,389

CASH FLOW $107,955 $110,662 $113,437 $116,282 $119,197 $122,186 $125,249 $128,389

CASH FLOW BEFORE DEBT SERVICE $107,955 $110,662 $113,437 $116,282 $119,197 $122,186 $125,249 $128,389

INTEREST $51,652 $50,867 $50,041 $49,174 $48,262 $47,304 $46,296 -

PRINCIPAL $15,344 $16,129 $16,954 $17,821 $18,733 $19,692 $20,699 -

TOTAL DEBT SERVICE $66,995 $66,995 $66,995 $66,995 $66,995 $66,995 $66,995 -

CASH FLOW AFTER DEBT SERVICE $40,960 $43,667 $46,442 $49,286 $52,202 $55,190 $58,254 $128,389

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Cash Flow Assumptions

CASH FLOW ASSUMPTIONS

FEE INCOME $35 per unit

PET RENT $50 per unit

WASTE FEE $175 per unit

WATER FEE $300 per unit

CONTRACT SERVICES $150 per unit

PAYROLL EXPENSE -

GENERAL & ADMINISTRATIVE $100 per unit

MARKETING $50 per unit

UTILITIES $125 per unit

REPAIRS & MAINTENANCE $200 per unit

MANAGEMENT FEES 4.00%

INSURANCE $475 per unit

PRO FORMA TAX BASIS (% OF PRICE) 70.00%

PRO FORMA TAX RATE 1.8239000%

REAL ESTATE TAXES $20,428

CAPITAL RESERVES $200 per unit

DEFERRED MAINTENANCE -

GROWTH ASSUMPTIONS Year 1 Year 2 Year 3 Year 4 Year 5

Market Rent Growth - 2.50% 2.50% 2.50% 2.50%

Loss to Lease/Gain to Lease - - - - -

Vacancy 5.00% 5.00% 5.00% 5.00% 5.00%

Bad Debt / Deliquencies 0.25% 0.25% 0.25% 0.25% 0.25%

Other Income 2.50% 2.50% 2.50% 2.50% 2.50%

Operating Expenses - Annual Increases 2.50% 2.50% 2.50% 2.50% 2.50%

Management Fees 4.00% 4.00% 4.00% 4.00% 4.00%

Real Estate Taxes - Annual Increases 2.50% 2.50% 2.50% 2.50% 2.50%

Capital Reserves - Annual Increases 2.50% 2.50% 2.50% 2.50% 2.50%

CASH FLOW ASSUMPTIONS

FEE INCOME $35 per unit

PET RENT $50 per unit

WASTE FEE $175 per unit

WATER FEE $300 per unit

CONTRACT SERVICES $150 per unit

PAYROLL EXPENSE -

GENERAL & ADMINISTRATIVE $100 per unit

MARKETING $50 per unit

UTILITIES $125 per unit

REPAIRS & MAINTENANCE $200 per unit

MANAGEMENT FEES 4.00%

INSURANCE $475 per unit

PRO FORMA TAX BASIS (% OF PRICE) 70.00%

PRO FORMA TAX RATE 1.8239000%

REAL ESTATE TAXES $20,428

CAPITAL RESERVES $200 per unit

DEFERRED MAINTENANCE -

GROWTH ASSUMPTIONS Year 1 Year 2 Year 3 Year 4 Year 5

Market Rent Growth - 2.50% 2.50% 2.50% 2.50%

Loss to Lease/Gain to Lease - - - - -

Vacancy 5.00% 5.00% 5.00% 5.00% 5.00%

Bad Debt / Deliquencies 0.25% 0.25% 0.25% 0.25% 0.25%

Other Income 2.50% 2.50% 2.50% 2.50% 2.50%

Operating Expenses - Annual Increases 2.50% 2.50% 2.50% 2.50% 2.50%

Management Fees 4.00% 4.00% 4.00% 4.00% 4.00%

Real Estate Taxes - Annual Increases 2.50% 2.50% 2.50% 2.50% 2.50%

Capital Reserves - Annual Increases 2.50% 2.50% 2.50% 2.50% 2.50%

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The Market

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Market Overview - Texas

P OPU L ATION

28,304,594

FASTEST GROWINGECONOMYIN THE U.S.

DALL AS#1 FAST EST GROW I NG HOUSI NG M A R K ET 2018

#1 TOP 20 BUSI N ESS-F R I EN DLY CI T Y

FORT WORTH#3 TOP MOV I NG DEST I NAT IONS 2017

HOUSTON #2 FAST EST GROW I NG HOUSI NG M A R K ET 2018

#7 TOP 20 BUSI N ESS-F R I EN DLY CI T Y

AUSTIN #1 BEST PLACE TO LI V E 2018

#12 TOP 20 BUSI N ESS-F R I EN DLY CI T Y

SAN ANTONIO#14 BEST PLACE TO LI V E 2018

2nd

TOP STATE FOR JOB GROW T H306,000 JOBS CREATED IN 2017

LA RGEST CI VILI A NLA BOR WOR K FORCE:

13.5+ MILLION WORKERS

50L A RG ES T M E D I C A L C E N T E R Texas Medical Center, Houston

2N D L A RG ES T C A N C E R C E N T E R MD Anderson, Houston

OVER 3,000 COMPANIESHAVE LOCATED OR EXPANDED FACILITIES IN TEXAS SINCE 2009

BEST STATE FOR BUSINESSFOR THE 14TH YEAR IN A ROW BYCHIEF EXECUTIVE MAGAZINE

AWA R D E D 2 017 G OV E R N O R ’ S C U P FOR THE MOST NEW & EXPANDED

CORPORATE FACILITIES: 594

NO STATE INCOME TAX

2nd

FO RTU N E 50 0CO M PAN IESCALL TE X AS H O M E

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Market Overview - Dallas/Fort Worth, Texas

ECONOMIC & CULT UR AL

HUB OF NORTH TEXAS

LARGESTMETROPOLITAN AREA IN THE U.S.

LARGESTMETROPOLITAN AREA IN TEXAS

LARGEST A MOU NT OF JOB GROW THOF ALL U. S . M ET ROPOLI TA N A R EAS

100,000 JOBS ADDED IN 2017

4th

#2 / FRISCO#3 / MCKIN NEY

FASTEST- GROWINGCITIES IN THE U.S.

3,500,000N E W P EO P L E E S T I M AT E D

BY Y E A R 20 4 0

DEMOGR A PHICS

POPULATION 7,462,428

TOTAL HOUSEHOLDS 2,683,294

AVERAGE HOUSEHOLD INCOME $94,166

MEDIAN AGE 34

BACHELOR DEGREE + 33.9%

TOTAL EMPLOYEES 3,173,963

LA RGEST EM PLOY ERS

WALMART STORES, INC. 52,700 Employees

AMERICAN AIRLINES GROUP, INC. 23,700 Employees

BAYLOR HEALTH CARE SYSTEM 22,000 Employees

DALLAS INDEPENDENT SCHOOL DISTRICT 20,793 Employees

TEXAS HEALTH RESOURCES 16,205 Employees

BANK OF AMERICA 15,400 Employees

CITY OF DALLAS 13,000 Employees

JPMORGAN CHASE BANK N.A. 13,000 Employees

TEXAS INSTRUMENTS, INC. 13,000 Employees

LOCKHEED MARTIN AERONAUTICS CO. 12,600 Employees

±360 PEOPLE MOVE TO DFW DAILY ALSO EM ERGI NG AS A TOP M A R K ET FOR COR POR ATE EX PA NSIONS & R ELOCATIONS

21 FORT U NE 500 COMPA NIES BASED I N T H E M ET ROPLEX

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Market Overview - Dallas/Fort Worth, Texas

BILLY BOB’S TE X ASLARGEST HONKY TONK IN THE WORLD

STATE FAIR OF TE X ASLARGEST STATE FAIR IN THE U.S.

DALL AS ARTS DISTRICTLARGEST URBAN ARTS DISTRICT IN THE U.S.

M AJOR U NIV ERSITIES

UNIVERSITY OF NORTH TEXAS 38,145 Students

THE UNIVERSITY OF TEXAS AT ARLINGTON 45,282 Students

THE UNIVERSITY OF TEXAS AT DALLAS 26,793 Students

TEXAS WOMEN'S UNIVERSITY 15,655 Students

TEXAS A&M UNIVERSITY - COMMERCE 13,514 Students

SOUTHERN METHODIST UNIVERSITY 11,739 Students

TEXAS CHRISTIAN UNIVERSITY 10,394 Students

DALLAS BAPTIST UNIVERSITY 5,156 Students

UNIVERSITY OF NORTH TEXAS - DALLAS 3,030 Students

UNIVERSITY OF DALLAS 2,357 Students

UNT HEALTH SCIENCE CENTER 2,381 Students

UT SOUTHWESTERN MEDICAL CENTER 2,316 Students

TEXAS WESLEYAN UNIVERSITY 2,373 Students

DALLAS/FORT WORTH INTERNATIONAL AIRPORT: 10TH MOST PASSENGER VOLUME IN THE WORLD

DALLAS LOVE FIELD AIRPORT: HOME TO THE NATIONS LARGEST DOMESTIC AIRLINE

48,900,00 ANNUAL VISITORS

MEDIAN HOME VALUE IS THE LOWEST OF ALL LARGE U.S METROS

3RD

3RD LOWEST COST OF LIVINGOF LA RGEST U. S . M ET ROPOLITA N A R EAS

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Disclaimer

Edge Realty Capital Markets5950 Berkshire Lane, Suite 700, Dallas, Texas 75225

214.545.6900 | edge-re.com

Edge Realty Capital Markets exclusively presents the listing

of Country View Properties (“Property”) for your acquisition.

The owner is offering for sale the Property through its

exclusive listing with the team.

Edge Realty Capital Markets and owner provides the material

presented herein without representation or warranty. A

substantial portion of information must be obtained from

sources other than actual knowledge and not all sources

can be absolutely confirmed. Moreover, all information is

subject to changes by the parties involved as to price or

terms before sale, to withdrawal of the Property from the

market, and to other events beyond the control of Edge Realty

Capital Markets or owner. No representation is made as to

the value of this possible investment other than hypothetical

scenarios. It is encouraged that you or any of your affiliates

consult your business, tax and legal advisors before making

a final determination of value or suitability of the Property for

acquisition.

As a condition of Edge Realty Capital Markets’ consent to

communicate the information contained herein–as well

as any information that may be communicated to you

subsequently either verbally or in writing by Edge Realty

Capital Markets, owner or agents of either of these parties

regarding the Property–it is required that you agree to treat

all such information confidentially.

Page 26: Country View Properties · 12-unit multifamily investment opportunity country view properties 4978 fm 902, gainesville, texas 76240. ... analysis summary 15 financial summary 16 unit

E X C L U S I V E L I S T I N G B R O K E R S

C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M

Edge Realty Capital Markets5950 Berkshire Lane, Suite 700, Dallas, Texas 75225

214.545.6900 | edge-re.com

Mart MartindalePrincipal, Capital Markets

[email protected] 214.545.6917

Brandon CrowSenior Associate, Capital Markets

[email protected] 214.545.6940

Chaz McCurryAssociate, Capital Markets [email protected]

214.545.6908

Country View Properties4978 FM 902

Gainesville, Texas 76240