IInvest in the future with our 118 Townhome Build-to-Rent community in the rapidly growing Melissa area, just off Sam Rayburn. With land acquisition secured, entitlements and civil plans approved, and horizontal development over 70% complete, vertical construction is set to begin before year-end.
This is your chance to be part of a high-demand project in a thriving North Texas submarket, projected to deliver strong returns
The SR Townhomes built-to-rent project boasts an exceptional location with strategic access to Highway 75 and Highway 121. The development is conveniently situated within walking distance of Melissa High School, which features a newly constructed $35 million football stadium, enhancing the community’s appeal. Additionally, the area is undergoing significant commercial expansion, with new projects such as an HEB and Kroger nearby.
The property is located in an area with a one-mile median household income of $109,000 and is within 15 miles of several Fortune 500 employers and major retailers, including Toyota, HP, AT&T, Texas Instruments, Bank of America, Capital One, LifeCare, and Nortel. Civil plans for the project have already been approved, eliminating entitlement risk and streamlining the development process.
SR Townhomes are designed to cater to renters’ needs with a comprehensive array of amenities, including a fitness center, pickleball court, dog grooming center, clubhouse, EV chargers, smart home features, and video/Wi-Fi coverage across the property. With horizontal construction currently in progress and vertical construction expected to commence by January 2025, SR Townhomes is well-positioned to benefit from the region's robust growth and development, ensuring strong rental demand and long-term investment potential.
From shifts in housing preferences
For single-family living by increasing housing supply
Leading to superior revenue growth - Lower resident turnover than traditional multifamily
Than traditional multifamily apartments
Of Scattered SFR, who are often 35+ years old
| 5-Mile Radius | 3-Mile Radius | 1-Mile Radius | |
|---|---|---|---|
| Proj. Annual % Increase (2023 to 2028) | 9.32% | 6.41% | 2.73% |
| 2023 Median Age | 36.3 | 35.1 | 35 |
| 2023 Median Household Income | $103,328 | $103,199 | $109,154 |
| 2023 Avg Household Size | 3.13 | 3.16 | 3.46 |
5 Year Total Return
Avg. Annual Cash flow
Avg. Annual Return
IRR
$75,000
Journey
Get a behind-the-scenes look at prime locations and projects.
