Somerset
View Offering Memorandum and Financials
Offering Summary:
- Location: Lewisville, TX
- Year Built: 1986
- Units: 372
Investment Highlights:
- 372 units built in 1986 with significant value-add potential in a high-performing submarket
- Current rents are well below market, providing immediate upside in addition to unit upgrade premiums
- Opportunity to continue and expand in-place unit enhancement program on remaining 84 percent and achieve average monthly premiums of $175
- Exceptional historical performance experienced at Somerset, averaging 98% occupancy in the trailing three months
- Central DFW location just 10 miles from Dallas, 20 miles from Fort Worth, and six miles to DFW Airport
- Lewisville has experienced strong historical performance, averaging 95.6% occupancy and 3.5% rent growth
Exclusively Listed by:
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Drew Kile
Senior Managing Director
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Will Balthrope
Executive Managing Director
