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Multifamily

The Grand on Beach

Haltom City, TX

304 Units

Built in 2019

Suburban Core

Investment Highlights

  • High-Growth Submarket: Haltom City has experienced 95.1 percent occupancy in the trailing five quarters while achieving 4.7 percent rent growth
  • Adjacent to New One-Million Square Foot Business Park: The 820 Exchange recently broke ground and is within one half-mile from the property. The business park could bring 1,200 to 1,500 jobs.
  • Top-of-the-Market Unit Interiors and Amenities: The Grand on Beach is the highest quality asset within the immediate submarket, offering unparalleled interior finishes and community amenities.
  • Significant Rental Income Upside: The opportunity exists to add 19 additional pet yards and finish out the remaining units with tech packages to potentially garner premiums of $125 and $30, respectively.
  • Proximate to Major Employment Centers: The asset is located equidistant between the Fort Worth CBD (120,000+ employees) and Alliance Texas (60,000+ employees).

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