The Portfolio is comprised of 221 single-family homes with 35% of homes built after 2010. The Portfolio is currently 100% occupied, and the homes have been exceptionally maintained, including 156 homes having received an average of $6,800 of capital improvements since 2016. A majority (59%) of the homes are 3-bedroom floor plans, with the balance comprised of 4 bedrooms (39%) and a handful of 2- and 5-bedroom homes. The superior quality of these homes in established neighborhoods will allow a new owner to benefit from strong, stable cash flow for years to come.
Ability to Achieve Scale with a Recent Vintage Portfolio
With 65% of the homes built after 1990 and 35% built after 2010 – by ownership or acquired from builders - the Portfolio is well positioned for
minimal capex needs in the near term.
History of Strong Occupancy
The existing ownership has prioritized high occupancy which resulted in strong collections through the pandemic.
Dallas-Ft Worth Leading Metro Up To Pandemic
In terms of population and employment growth, Dallas is at or near the top in all metrics compared to other MSAs.