Trinity Park Apartments

506(c) Offering - Accredited Investors Only

About Trinity Park Apartments

Crossings 820 is a 418 unit, individually metered community that is conveniently located and enjoys great visibility at the intersection of Interstate 20 and Granbury Road in Fort Worth, Texas. This solid, class B location boasts great proximity to area retailers, employers, and schools. Texas Christian University, Hulen Mall, the high-end Clearfork and Edwards Ranch Developments and the new Chisholm Trail Parkway are all within just a few moments' commute from the property.

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Total Units: 92

Projected Returns

Equity Multiple: 1.9x
IRR: 15.82%
Average Annual Cashflow: 8%+, Preferred - 8%
Hold Time: 3-5 Years

Invest in Trinity Park

Investment Projections Summary

Over 90%+ Total Returns in 3 - 5 Years
1.9 Equity Multiple
8% preferred return
8%+ average annual Cash Flow during hold period
5 year Interest-only Bridge Loan with NO exit fees
100%+/- depreciation tax benefits in year 1.

Investment Highlights

$54,600,000 Purchase Price
$2,500,000 Rehab Budget
Well Located and Well Maintained 418 Unit Class B Community with Median Household Income of $72K within One-Mile Radius and Situated Near Schools, Retail and Employment
Existing Effective Rents of just $1.00 per square foot; Ancillary Income Well Below Potential, and Substantial Utility Cost Savings on the Table
Available Free and Clear of Existing Debt-Outstanding bridge debt lined up with 77% loan to cost and 100% future funding of the capex. Our lender has also completely waived all exit fees
Cash Flow from Day-One of Ownership Plus Substantial Rental Upside
Nearly $3.5MM in Capital Improvements Since 2015 Including New Roofs and Substantial Interior Renovations
Outstanding Mix of Spacious Floorplans-Average Unit Size of 1,024 sqft with 75% 2BR/3BR
All Individual HVAC Units and Individual Hot Water Heaters
No Immediate Rental Competition-Nearest Competing Property is Roughly 2 Miles Away

Common Area Amenities

Sparkling Swimming Pools
On-Site Laundry Facilities
Courtyards & Gardens
Easy Access to Major Thoroughfares
Located Near Shopping & Dining

Unit Amenities

Spacious Closets
Patios or Balconies
2 Inch Faux Wood Blinds
Ceiling Fans
Fully Equipped Kitchens

Dallas-Ft. Worth Market

In recent years, Dallas/Fort Worth’s population growth ranks among the highest in the U.S. for a major metro.
The Metroplex’s temperate climate, no state income tax, and a right-to-work labor
policy attract employers.
Dallas/Fort Worth is one of the nation’s largest employment markets, with nearly
3.6 million jobs.
The region is home to 21 Fortune 500 companies in a variety of sectors, including
ExxonMobil, American Airlines Group, Southwest Airlines, Fluor, AT&T, Tenet
Healthcare, Kimberly-Clark and J.C. Penney.
The area is forecast to add jobs at an annual rate of 1.5 percent through 2021, well
above the U.S. level.
Economic expansion will be further fueled by a rise in financial services and high-tech companies.

Strong Sub Market

Projected rent growth in the submarket is 10.6% average for 2022 and 6.8% average for 2023.
$72,000 Median household income in a 1-mile radius
The Southwest Fort Worth Submarket emerged as a leader in Tarrant County for apartment demand last year, thanks to pent-up demand from the pandemic, allowing vacancy rates to fall to record lows in 2021. Meanwhile, rent growth is setting the best performance on record as per costar.

Conservative Underwriting

Conservative assumptions for future rent growth, expenses, capital budget, and economic vacancy

Value Add Opportunity

Value-Add Opportunity using a consistent unit upgrade program with significant curb appeal and amenities Improvements
Our chosen management company, Rockwood Multifamily, has a proven track record of repositioning Multifamily assets and generating high revenues for the property.
New Paint scheme with Rebranding
Adding additional grilling stations with social areas
Mandatory Wifi/cable participation
Amenity fee for all residents
Privacy Yard upgrades
Reserved/Covered parking options

Experienced Sponsor with Great Track Record

Strong sponsorship skills with extensive experience and knowledge
Sponsored 3000+ units of Multifamily

Funding & Syndication

The projected capital raise is $16,000,000; only a small amount remains to be funded
The minimum investment amount is $75,000, but preference will be given to higher investment amounts
We expect to be fully funded quickly and will accept investments on a first-come, first-serve basis and those with the highest investment amounts will receive preference
Self-Directed IRA, Solo 401K investment option is available