Stonebrook Village

Stonebrook Village

View Offering Memorandum and Financials

Offering Summary:

  • Location: Frisco, TX
  • Year Built: 1994
  • Units: 216

Investment Highlights:

  • Well-Maintained, 216-Unit Asset in Premier Frisco, Texas, Next to Grand Park (Currently being Revitalized)
  • Opportunity to Reposition to Upgraded, Market-Rate Asset Upon LURA Expiring in 2024
  • Current Rents are a $500+ Discount to that of Comparable Market-Rate Properties
  • No Decontrol Period: All Units can Immediately be Re-Leased at Market Rates Starting January 1, 2025
  • Favorable Millage Rate: $1.96 per $100 of Assessed Value
  • Prime Location Within the Most Prolific Growth Corridor in the United States
  • Frisco, TX: #1 Safest and #4 Most Affordable City in America (smartasset.com, Apr. 2022)
  • Minutes from High-Income Employment Centers: Frisco Station, Hall Park, Legacy West, New PGA Headquarters plus 2,500-acre Fields development, and Numerous Major Hospitals

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