Investment Highlights
- Ownership: Rare opportunity to acquire from Original Developers. Current ownership has owned and managed each asset for over 40 years
- Value-Add: Substantial operational enhancement opportunities with 92% Classic Units, below market rents, and no utility reimbursements (ABP rent structure). Additionally, new ownership can monetize
- Location: Greenville is a Low-Supply, High-Growth submarket 40 miles northeast of Dallas on Highway 380 and a 35-minute commute to McKinney / Allen.
- Visibility: Properties sit on Greenville's most significant transportation arteries (Highway 380 & Wesley Street), next to the Hunt Regional Hospital and two miles from The Greenbelt, a 325-Acre Master-Planned, Mixed-Use Development
- Operational Scale: Assets are within a One-Mile Radius of each other allowing operational synergies
- Condition: Well-maintained assets with minimal deferred maintenance and recent exterior capital infusion
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