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Mansfield, Texas
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Executive Summary - The City of Mansfield
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| The Crescent at Mansfield will consist of 299 residential units averaging 1035 square feet. Situated on the Mansfield National Golf Club, this community will be a great place for seniors as well as families who want to take advantage of Mansfield’s highly sought after school district. New homes in the area are priced from the mid $160’s through $1 million dollars. The high cost of homes in the Mansfield area strengthens the rental market and insures rental growth for years to come. Additionally, the recent construction of 5 new hotels in Mansfield, a brand new hospital and a minor league baseball stadium across from the property are positive indicators of the city’s tremendous growth. When the community is complete, we intend to retain Lincoln Property Group to manage the property. Lincoln Property Group is a highly recommended local property management company utilized by large REITs and insurance companies that hold real estate in the Dallas/Fort Worth area. We expect each building to lease up within 45 days of completion and the entire community should be stabilized within 18 months of completion. |
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