200 UNITS | BUILT IN 1983 DESOTO, TEXAS

INVESTMENT HIGHLIGHTS

Located in one of the most desirable neighborhoods in the southern suburbs, Windsong Place benefits from an affluent community with strong employment drivers which have created a strong and stable rental market. The property currently features four different levels of interior finish outs consisting of Classic, Partial, Full, and Granite level upgrades. Additionally, Windsong Place is governed by a Land Use Restriction Agreement (LURA) stipulating that 70 units are set aside for low income and very low-income families. (Complete LURA details can be found in the Document Center).

 

value-add potential

The property is currently achieving premiums of over $100 for full upgrades and over $150 for granite level upgrades. Only 40% of the property has been upgraded to these levels.

All of the units feature washer and dryer connections, individual HVAC units, and individual hot water heaters. The submarket suggests new ownership could begin providing W/D appliances and charging $40 per month.

SUPERIOR TRANSPORTATION ACCESS

Located less than two miles from the Interstate-35 and Interstate-20 interchange and approximately 13 miles from Downtown Dallas

ALL CASH

Strong in place cash flow with extremely attractive day one yields

Windsong Place is being offered on an all cash basis, free and clear of existing dept.

DeSoto, TX Overview

Windsong Place is conveniently located a mile from the Interstate 35 and Wintergreen Road intersection, and within an approximately 13-mile drive from downtown Dallas. The property is two miles from Interstate 20 and less than 10 miles to Interstate 45. This location provides Windsong Place residents easy access to the Dallas / Fort Worth Metroplex and the Interstate 20 Corridor.

• 33,980 vehicles per day along Wintergreen • 19,807 vehicles per day along North Hampton Road • 55,000 vehicles per day along I-20 • 145,000 vehicles per day along I-35

This progressive community still maintains its small-town feel that is rich in diversity and the cultural arts. DeSoto offers quality, affordable housing, friendly neighborhoods, high-performing schools, updated parks, restaurants and shopping.

Powerful Economic and Employment Drivers

Photo Gallery

INVESTMENT ADVISORS

JAY GUNN

Managing Director

972.458.4589

jay.gunn@berkadia.com

TOM BUrns

Managing Director

972.458.6833

tom.burns@berkadia.com

WILLIAM JARNAGIN

Senior Director

972.458.6868

will.jarnagin@berkadia.com

TAYLOR HILL

Senior Director

972.458.4591

taylor.hill@berkadia.com

Michael Ware

Senior Director

972.458.6841

michael.ware@berkadia.com

FINANCING

jASON RICE

Managing Director

214.360.3811

jason.rice@berkadia.com

CHRIS POLLARD

Senior Director

214.360.3839

chris.pollard@berkadia.com

DALLAS OFFICE

5960 Berkshire Lane Suite 1000 Dallas, TX 75225

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.

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