Multi-housing / PRS

Alexan Flower Mound

301 Silveron Flower Mound, Texas United States 75028-4137
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2021
Building Area

Property description

Jones Lang LaSalle Americas. Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Alexan Flower Mound (the “Property”), a 350-unit, Class A community located in the high barriers to entry suburb of Flower Mound, Texas.


The Property is surrounded by several major employment and entertainment destinations including Dallas/Fort Worth International Airport, Grapevine Mills, Gaylord Texan Resort, Grapevine Lake, and Las Colinas Urban Center.

Investment highlights

SUBURBAN, INSTITUTIONAL ASSET WITH INCREDIBLE PRE-LEASING DEMAND

Alexan Flower Mound is a Class A community that presents the opportunity to acquire an institutional asset with market leading finish outs including stainless steel appliances, granite countertops, USB outlets, mudrooms, and private garages. In addition, the Property is currently 24% leased with a temporary leasing office, which demonstrates the desirability of the product and the strength of the submarket.


FLOWER MOUND – IRREPLACEABLE LOCATION WITH HIGH BARRIERS TO ENTRY

Alexan Flower Mound is located in the most coveted suburb in Dallas/Fort Worth with extremely high barriers to entry for new development due to the difficulty of getting land zoned for multifamily development. In addition, there are currently zero additional units under construction or in lease-up in Flower Mound, and only two other assets (691 units) have delivered in this suburb since 2017.


SIGNIFICANT NEIGHBORING ECONOMIC DRIVERS

​​​​​​​The Property sits just west of the intersection of Sam Rayburn Tollway and I-35, which puts residents in close proximity to some of the major employment and entertainment centers in the Metroplex including:

  • Dallas/Fort Worth International Airport – the fourth busiest airport in the world and supports over 228,000 jobs
  • Las Colinas Urban Center – 2,000 companies and 30 Fortune 500 companies
  • Lakeside Retail – Over 270,000 SF of walkable retail with tenants including Starbucks, Cinepolis, and Mio Nonno Trattoria
  • Grapevine Mills – 1.6 MSF of retail and 180 stores including Under Armor, H&M, AMC Theatres, and Nike
  • Gaylord Texan Resort – 1,511-room hotel with more than 400,000 SF of meeting space
  • Grapevine Lake – consists of an 8,000-acre lake with various parks and trails
Last Updated Date: 20 Sep 2021
Roberto Casas
Roberto Casas
Senior Managing Director, Multi-Housing Group Leader
Broker Licenses
TX-0512740
Bill Miller
Bill Miller
Senior Managing Director, Multi-housing Group Leader
Broker Licenses
AL-000066273 TX-0469707

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Last Updated Date: 20 Sep 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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