Private equity real estate investment platform RealCrowd announced an offering for a multifamily apartment complex in the Dallas-Fort Worth suburb of Frisco, Texas.
The Jaxon Apartment Homes is a 240-unit multifamily project with considerable value-adding potential. The complex’s amenities include a swimming pool, an indoor common area, business and fitness centers and an outdoor patio area with a grill.
Frisco is the fastest-growing city in the Dallas-Fort Worth metropolitan area and among the fastest-growing in the country. Over the course of the last nine years, the city has seen a 71.1% increase in population causing a surge in housing demand.
The property was purchased for $41 million — $3 million below the appraised value, giving investors walk-in equity. Additional value-adding will come from planned upgrades to ...
Full story available on Benzinga.com
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The Jaxon Apartment Homes is a 240-unit multifamily project with considerable value-adding potential. The complex’s amenities include a swimming pool, an indoor common area, business and fitness centers and an outdoor patio area with a grill.
Frisco is the fastest-growing city in the Dallas-Fort Worth metropolitan area and among the fastest-growing in the country. Over the course of the last nine years, the city has seen a 71.1% increase in population causing a surge in housing demand.
The property was purchased for $41 million — $3 million below the appraised value, giving investors walk-in equity. Additional value-adding will come from planned upgrades to ...
Full story available on Benzinga.com
Continue reading...