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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Year Built 2018
Building Area
Number of units 506

Property Description

The Orchards at Arlington Highlands

The Orchards at Arlington Highlands is a 180-unit age-restricted multifamily community located in Arlington, Texas. Built in 2019, the community has 265,611 gross square feet (185,472 rentable) and sits

on 9+ acres of land. The property is still in its initial lease-up and is projected to reach stabilization in the next 24 months utilizing an average monthly absorption of five leases per month.


The Orchards at Market Plaza

The Orchards at Market Plaza is a 180-unit age-restricted multifamily community located in Plano, Texas. Built in 2020, the community has 257,102 gross square feet (170,988 rentable) and sits on 6.5+ acres of land. The property is still in its initial lease-up and is projected to reach stabilization in the next 30 months utilizing an average monthly absorption of five leases per month.


Aspen Ridge

Aspens Ridge is a 146-unit age-restricted multifamily community located in Olathe, Kansas. Built in 2016, the community has 172,992 gross square feet (136,641 rentable) and sits on 13+ acres of land. The property is still in its initial lease-up and is projected to reach stabilization in the next 10 months utilizing an average monthly absorption of five leases per month.

Investment Highlights

The Orchard at Arlington Highlands

  • Unit Mix - 67 one-bedrooms have an average size of 816 sf and 113 two-bedrooms average size of 1,157 sf
  • Location - Strategically located by regional malls, entertainment, medical facilities and major transportation corridors, traffic count on Matlock is over 54,000 cars per day.
  • Upscale Community Amenities including a clubhouse, swimming pool, lounge area, fire pit, movie theater, game room, salon to highlight a few.
  • High-end Unit Amenities include nine-foot ceilings, open floor plans, patios, stainless steel appliances, washer and dryer sets.

The Orchards at Market Plaza

  • Unit Mix - 72 one-bedrooms have an average size of 759 sf and 108 two-bedrooms average size of 1,077 sf
  • Location - The property is strategically located at the intersection of three city boundaries: North Dallas, Richardson, and Plano. Regional malls, entertainment, medical facilities, and major transportation corridors are within minutes of the property.
  • Upscale Community Amenities including a clubhouse, swimming pool, lounge area with fire pit, movie theater, salon to highlight a few.
  • High-end Unit Amenities include nine-foot ceilings, open floor plans, private balconies or patios, stainless steel appliances, "Smart" entry door locks and thermostats, washer and dryer sets.

Aspen Ridge

  • Unit Mix - 28 one-bedrooms have an average size of 737 sf and 118 two-bedrooms average size of 983 sf
  • Location - Just west of I-35 and nearly on the western boundary of Overland Park. The property is situated in between residential and major transportation corridors.
  • Upscale Community Amenities include secured access, clubhouse, detached garages, heated swimming pool, fitness center, putting green, lounge area, dog park to highlight a few.
  • High-end Unit Amenities include open floor plans, granite countertops, stainless steel appliances, kitchen pantries, washer and dryer sets.
Last Updated Date: 01 Apr 2021
Cody Tremper
Cody Tremper
Managing Director, Capital Markets
Mike Garbers
Mike Garbers
Managing Director, Capital Markets

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Last Updated Date: 01 Apr 2021

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