TEXAS PASSIVE INVESTMENT OPPORTUNITY
THE TRUMAN, ARLINGTON, TX
THE TRUMAN AT ARLINGTON, TX
Investment Details
The Truman is a 358-unit Best-in-class portfolio in one of the most profitable markets with Annualized projected returns of over 20%! Best-in-class quality development with an expansive amenity set, The Truman was a nationwide finalist for Best New Multifamily Project by D Magazine. It sits in a desirable & high-growth submarket that is expected to see a 40% job growth and an 11% population increase.
Thriving Market
Orlando, FL
Deal Type
Stabilized
Total Returns
138.22%
Avg. Annual Returns
28%
Holding Period
3-5 Years
Target IRR
28%
Units
536
Purchase Price
$107.50 Million
Equity
$10.5 Million
Asset Class
Class A2 & A3
Arlington, TX
Thriving Market
Deal Type
Best-In-Class
20%
Projected AAR
8%
Preferred Returns
7 years
Hold Period
~15M
Common Equity
358
Units
10 year
Tax Abatement
Thriving Market
Orlando, FL
Stabilized
Deal Type
138.22%
Total Returns
28%
Avg. Annual Returns
3-5 Years
Holding Period
28%
Target IRR
536
Units
$107.50 Million
Purchase Price
$10.5 Million
Equity
STRENGTHS OF INVESTING IN THE TRUMAN, TX
- Current Occupancy 96.1% as of 3/1/2023
- $229,592 per door in one of the strongest markets in the USA
- Received HUD Approval
- 10-Year Tax Abatement Approval in Place
- Fixed Interest Rate of 4.21% at 61% LTC
- On-site coffee shop/retail amenities
- Economic conditions favoring rentals
- High growth submarket
- Major development district
- Light value add to increase rents
Number of Units
358
Retail SF
4915 sq. ft.
Rents per SF
$2.13/ sq. ft
Average Unit Size
807 sq. ft.
Total SF & Site Size
406,080 sq. ft.
Construction
2021
Take A Tour
The Truman - Interior
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The Truman - Exterior
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WHY WE INVEST IN TEXAS?
TEXAS' ECONOMIC DOMINANCE CONTINUES, RANKS 2ND IN THE U.S. IN GDP GROWTH
Texas: A Vibrant State with Growing Economy and High Potential for Multifamily Real Estate Investment
Texas is one of the most dynamic states in the US, with a thriving economy and a rapidly growing population. With a GDP of $1,772,132,000 and a median household income of $64,034, Texas offers a robust market for real estate investors looking to tap into its growth potential. And among the different real estate sectors, the multifamily sector presents a particularly attractive opportunity.
Here's why investing in Texas multifamily real estate makes sense:
Strong Demographic Trends : Texas is home to a large and growing population with a young and diverse demographic profile. This population growth drives demand for rental housing, making the multifamily sector a profitable investment opportunity.
Robust Job Market : Texas boasts a thriving job market, attracting workers from across the country and worldwide. This influx of workers is driving rental demand and helping support the state's multifamily real estate investment.
Favorable Real Estate Market Conditions : Texas has a strong and stable real estate market, with a low cost of living and a favorable tax environment. This provides a supportive backdrop for multifamily real estate investment, helping to ensure long-term returns for investors.
PAST TRACK RECORDS
We buy right, add significant value through asset management and sell opportunistically to maximize the return. By monetizing assets at favorable IRRs, we have established a proven track record of generating superior returns while never having lost investment capital
Why Invest With TTI Capital
We provide consistent and growing distributions coupled with high transparency and opportunity for capital appreciation supported by positive long-term fundamentals.
Together with our Advisory Board partners, we bring a mix of funding, knowledge, and experience for a higher rate of return and success.
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Units Acquired
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Units Sold
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Assets Under Management
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IRR Historical Returns
TTI CAPITAL’S UNIQUE INVESTOR-CENTRIC STRATEGIES CAN HELP YOU ACHIEVE YOUR REAL ESTATE RETURN GOALS
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