Our latest offering in Allen, TX – Dallas Suburb (WEBINAR)
Allen Texas is an in-demand suburb outside of Dallas. Our recent multifamily acquisition in partnership with Symphony Capital Group is in Allex, Tx. Some data below gives a breakdown showcasing the strength of the Dallas market, why we believe Texas will continue to be an in-demand area, with some information about the asset in Allen as well.
Just over the last year home prices are up 33.9% (June 2022) and 4-bed homes are selling for a median price of $550,242, per Rockethomes.
Job expansion was driven by professional and business services, with growth in the trade, transportation, and utility sector as well. This accounted for half of the employment growth.
Dallas has held strong rental demand compared to national averages. Lifestyle units were specifically in demand with occupancy increasing to 95.7% according to Yardi Matrix Report.
The strong fundamentals of employment, rent growth, and net migration align with our investment thesis for creating passive opportunities for our investors.
Allen Multifamily Opportunity
Our latest offering is a 200-unit garden-style community in the affluent submarket of Allen, TX. This asset is currently 98% occupied and presents an incredible upside for investors. The asset is within walking distance of two high school campuses located within a top 5 DFW school district.
We have a full webinar and breakdown of the deal below.
To schedule a call with our team and to learn more about the deal, fill out our form below and we will be happy to answer any questions and get you on our investor list for all future deal flow.
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