Property Description

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.

Property Type

Multifamily

Structure

Delaware Statutory Trust

Cantor Fitzgerald
Texas DST

TX

Remaining Availability

1% Remaining

Total Funds
$94,811,000
Remaining Availability
Tacking Backups
Minimum Investment
$250,000
Funded To Date
Est. Hold Period
See PPM
Leverage
50.0%
Equity Raise
$94,811,000
Price/SF or Price/Unit
$187,787/Unit

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

See PPM

About The Area

Northern Kentucky is comprised of Boone, Kenton, and Campbell counties and is centrally located where the Midwest meets the South at the Ohio River. Northern Kentucky is a key part of the 16-county Cincinnati region – a thriving metro with multiple Fortune 500 company headquarters; four professional sports teams; major arts and cultural institutions; prominent public and private universities; and nationally-recognized restaurant, craft beer and live music scenes. The Greater Cincinnati metropolitan region is also an important transportation hub with water, air, road, and rail systems and facilities. The Cincinnati/Northern Kentucky International Airport anchors the region’s transportation network. The airport, which includes the global hub for logistics company DHL, continues to attract development with the construction of Amazon’s new Air Hub. The $1.5 billion project is scheduled to open in 2021 creating 2,000 jobs. Today, the Cincinnati metro area is recognized as one of the nation’s 25 fastest developing regions with a Gross Metro Product of $154 Billion.5 From an educational standpoint, Cincinnati is home to the University of Cincinnati, the second largest university in Ohio and one of the 50 largest universities in the U.S.6

DAYTON

The Property is located in Dayton, Kentucky, within northern Campbell County just across the Ohio River from downtown Cincinnati. Dayton is projected to have strong population and average household income growth through 2025. Population and average household income within a three-mile radius of the Property are projected to grow 2.24% and 25.25% through 2025, respectively.

 

Sponsor

Cantor Fitzgerald is an American financial services firm that was founded in 1945. It specializes in institutional equity, fixed income sales and trading, and serving the middle market with investment banking services, prime brokerage, and commercial real estate financing