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

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
I accept the confidentiality agreement I accept the confidentiality agreement
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

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 Prose Ranch Park and Prose Westgate (the “Portfolio” or “Properties”) consisting of 654 units in Dallas/Fort Worth. Positioned in Denton and Sachse proximate to Interstate-35E and TX-78, the properties are minutes from several employment centers including, the University of North Texas, Denton Medical District, CityLine, and Downtown Dallas.

Investment highlights

Strong Lease Up with Minimal New Supply – Prose Ranch Park and Prose Westgate are performing very strong throughout the lease up as the Properties have averaged more than 45 leases per month over the past three months. This exceptional lease-up demonstrates the desirability of the product and the strength of the submarkets. In addition, the Sachse and Denton submarkets have minimal supply coming online compared to the surrounding suburban submarkets in Dallas/Fort Worth.


Best-in-Class Community Amenities – The Properties offer residents numerous amenities including resort-style pools with wet deck lounging areas, fitness centers with Technogym equipment, courtyards with gas grilling stations, and clubhouse with resident lounge, kitchen, and covered patio among other amenities.


Significant Neighboring Employment Centers – ​​​​​​​The following major employment centers are all within minutes of Prose Ranch Park and Prose Westgate:

  • Texas Health Presbyterian Hospital Denton – an award-winning 255-bed hospital with 1,076 employees
  • The University of North Texas – the 6th largest university in the state with more than 39,000 students and has 4,600 employees
  • Peterbilt Motors HQ - one of the largest employers in the Denton with over 3,075 employees
  • Downtown Dallas – home to over 2,500 business and an employment base of 135,000+
  • CityLine – consists of over 2.5 million square feet of office, 230,00 square feet of retail, and is home to State Farm’s headquarters


Last Updated Date: 24 Aug 2021
Bill Miller
Bill Miller
Senior Managing Director, Multi-housing Group Leader
Broker Licenses
AL-000066273 TX-0469707
Roberto Casas
Roberto Casas
Senior Managing Director, Multi-Housing Group Leader
Broker Licenses
TX-0512740

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 24 Aug 2021

Do you have any questions?  Visit our FAQ page

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.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.