Healthcare

Artistry at Craig Ranch

McKinney, Texas United States
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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.

Attributes

Year Built 2018
Building Area Gross
Land Area Gross ()
Number of units 163
Occupancy 98.8 %

Asset Description

JLL has been exclusively retained to offer to qualified investors the opportunity to acquire Artistry at Craig Ranch, a 163-unit 62+ age-restricted community located in McKinney, Texas, part of the booming Dallas/Fort Worth MSA. The DFW Metroplex is the fourth-largest metropolitan area in the country and has grown by nearly 20% since 2010. Approximately 390 people move to Dallas every day, and considering Dallas’s ample space for growth and its pro-business environment, the trend is expected to continue.

Investment Highlights

  • The community is purpose-built, with high quality of construction, architecture, and design.
  • A best-in-class asset in its market, Artistry at Craig Ranch boasts generous unit sizes averaging north of 900 SF, complemented by an array of common area spaces located throughout the property.
  • The surrounding market area boasts high household incomes and housing values along with higher-than-average forecasted growth rates for the 65+ senior resident population.
  • The property is located adjacent to the nationally-recognized Craig Ranch master-planned development, which includes TPC at Craig Ranch, home to the famed AT&T Byron Nelson golf tournament.
  • As of April 27, 2022, the community is 98.8% occupied with only one vacant unit out of its 163 total units.
  • The impressive occupancy of this property presents a prime opportunity for a new buyer to acquire a strong performing asset in a booming market with abundant opportunities to increase revenues via increased rental rates.
Last Updated Date: 03 May 2022

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Last Updated Date: 03 May 2022

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