Ownership: Rare opportunity to acquire from long-term, family-office ownership and the original developer. Current ownership self-manages each asset as well.
Value-Add: Substantial operational enhancement opportunities with 92% classic units, below-market rents, and no utility reimbursements (ABP rent structure). Additionally, new ownership can monetize by implementing a cable contract and reserve/covered parking options.
Location: Greenville is a low-supply, high-growth submarket 40 miles northeast of Dallas on Highway 380 and a 35-minute commute to McKinney/Allen.
Visibility: Properties sit on Greenville’s most significant transportation arteries (Highway 380 & Wesley Street), next to Hunt Regional Hospital and two miles from The Greenbelt, a 325-acre master-planned, mixed-use development.
Operational Scale: Assets are within a one-mile radius of each other, allowing operational synergies.
Condition: Well-maintained assets with minimal deferred maintenance and recent exterior capital infusion.
