The Emerson Property
Situated on over 19 acres, the Emerson Property is a newly developed, Class-A apartment community featuring high-end amenities and finishes. Apartment units are well-appointed with granite countertops8, stainless steel appliances8, and plank flooring. Community amenities include a large, open clubhouse with a game room, conference room, entertainment kitchen and fitness center, resort-style pool, pet park, and an outdoor grilling/ picnic area.
Built-in 2020, the Emerson Property is a 320-unit Class A apartment community totaling 286,168 net rentable square feet, situated on 19.32 acres with 563 parking spaces. As of July 27, 2021, the Emerson Property was 96.9% physically occupied and 100%
leased with an average monthly rent of $1,246.7
The Emerson Property is located in Forney, TX, within Kaufman County, which has had a 38.6% growth rate from 2010 to 2020.10 Forney is less than a 30-minute drive from downtown Dallas, providing residents convenient access to the urban core.
• The Emerson Property is conveniently located at the epicenter of the city directly off Highway 80 and proximate to the area’s major employers and newly developed retail and dining corridor.
• The Emerson Property is located within the desirable Forney Independent School District, which is an A-rated district by the Texas Education Agency.
Delaware Statutory Trust