Country View Properties · 12-unit multifamily investment opportunity country view properties 4978...
Transcript of Country View Properties · 12-unit multifamily investment opportunity country view properties 4978...
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
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
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
C O U N T R Y V I E W P R O P E R T I E S | 3
Table of Contents
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
C O U N T R Y V I E W P R O P E R T I E S | 5
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%
The Property
C O U N T R Y V I E W P R O P E R T I E S | 7
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
C O U N T R Y V I E W P R O P E R T I E S | 8
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
C O U N T R Y V I E W P R O P E R T I E S | 9
Aerial
C O U N T R Y V I E W P R O P E R T I E S | 10
Exterior Images
C O U N T R Y V I E W P R O P E R T I E S | 11
Interior Images
C O U N T R Y V I E W P R O P E R T I E S | 12
Interior Images
C O U N T R Y V I E W P R O P E R T I E S | 13
Floor Plans
The Reese2 bedroom 2 bath | 1,151 sf
The Grant1 bedroom 1 bath | 871 sf
The Financials
C O U N T R Y V I E W P R O P E R T I E S | 15
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
C O U N T R Y V I E W P R O P E R T I E S | 16
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
C O U N T R Y V I E W P R O P E R T I E S | 17
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
C O U N T R Y V I E W P R O P E R T I E S | 18
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
C O U N T R Y V I E W P R O P E R T I E S | 19
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
C O U N T R Y V I E W P R O P E R T I E S | 20
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%
The Market
C O U N T R Y V I E W P R O P E R T I E S | 22
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
C O U N T R Y V I E W P R O P E R T I E S | 23
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
C O U N T R Y V I E W P R O P E R T I E S | 24
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
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.
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