Dallas, Texas Investment Summary. A 334-Unit Class A+ Investment Offering

Transcription

1 Dallas, Txas Invsmn Summary A 334-Uni Class A+ Invsmn Offring

2 Excuiv Summary JLL is plasd o offr h opporuniy o acquir Aura Wycliff ( Propry ), a nwly consrucd Class A+ aparmn communiy comprisd of 334 unis in Dallas, Txas. Aura Wycliff is locad in h har of Dallas urban cor, and offrs immdia accss o a muliud of dynamic mploymn and nrainmn cnrs. I is sragically locad in Oak Lawn/ Ciis, which commands h 2nd highs rns in h nir Dallas/For Worh ( DFW ) mark. Th Propry is locad in h mids of h mos sough afr nighborhoods in Dallas, including Oak Lawn, Upown, Ciis, h Mdical Disric, and h Dsign Disric. This Bs in Class ass bnfis from ach of hs uniqu nighborhoods, affording rsidns h opporuniy o xprinc h bs of Dallas urban cor. As h urban nrgy ha has dvlopd in Dallas in h pas dcad coninus o grow and xpand is boundaris, Aura Wycliff s locaion will coninu o apprcia ovr im. As an xampl, h xpansion of Dallas Lov Fild and h rpal of h Wrigh Amndmn has spurrd organic conomic growh, and his and ohr iniiaivs will provid srong and coninuous conomic drivrs for Aura Wycliff. Coupld wih h Propry s insiuional qualiy consrucion, xquisi finishs, and visibiliy along h Dallas Norh Tollway, Aura Wycliff has all h srnghs and advanags ha will suppor srong mark shar for yars o com. Invsmn Summary Numbr of Unis: 334 Pric: TBD Yar Buil: 2014 Trms: All Cash g. Uni Siz: 823 SF Lasd: 95.8% as of 03/03/2015 Addrss: 4338 & 4343 Congrss. g. Proforma Mark Rn/Uni: $1,523 Dallas, Txas g. Proforma Mark Rn/SF: $1.85 2

3 Invsmn Highlighs Srong Las-up and Absorpion: Aura Wycliff has avragd a srong absorpion of 22 unis pr monh sinc lasing commncd, and has grown ffciv rnal ras by approximaly $45 pr monh during his im. Addiionally, lass hav bgun o roll, and rcn rnwals ar bing signd a $80/monh, or roughly 6.0% ovr h original las rn. Souhrn Mhodis Univrsiy Dallas Lov Fild Airpor L mm Wichsl Tiz xpw yt Souhwsrn Mdical Cnr Riv r Pik rs g od ll R B ro n rf VICTORY PARK Dallas Bnio Juarz WEST END S Bucknr Thornon F 30 Baylor Univrsiy Mdical Cnr Elm S rc S Exp osiion Comm MAIN ST 30 CONVENTION CENTER wy S Has Fair Ciy 352 Marin Luhr King Jr 35E SR iv hs Triniy Rivr Grnbl 77 Svns GC ak ll rfro n B Opporuniy Cmry rin 30 P sk Elm S FARMERS MARKET rc S Comm S Ksslr way 75 Ha GOVERNMENT ndry F a Tom L Exall CENTRAL BUSINESS Pacific Plaza S Griffin c Viadu rc S Comm Thornon Fwy Aravibs.com, a commonly usd communiy daa wbsi, ranks Oak Lawn an 82 or Excpionally Livabl on h livabiliy scal arning high marks for local amniis, low cos of living, and bnfis from a sabl housing mark. da R iv 35E DESIGN N ARTS Klyd Warrn Mc Kin Tro ny lly W oo N Nash/Davis Th Crscn Hol Zaza Th Riz 77 N Griggs da v Inwood UPTOWN Th Sonligh Th Azur an y S on B nn Ki s Mc Hin rry Ha ini Walkscor.com rpord Aura Wycliff has a solid scor of 82, which is similar o such ciis as Nw York and San Francisco, and is considrd a vry walkabl locaion wih mos of h daily houshold rrands bing accomplishd on foo, or in a pdsrian frindly nvironmn. 35E Rvrchon Tr Garr Ciyplac Mark Rd 77 Ws Villag Robr E. L Childrn's Mdical Cnr - Dallas gb Irvin Triniy Rivr Grnbl William B. Dan Gr 356 Col 1 mil E land Mmorial Hospial Fw y Fw y Pgasus N Smmons al E Craddock nr sb Arlingon rail n y Dallas Indpndn School Disric NC Hi Davis Co rry 75 Highland Indpndn School Disric Laksid Ka Ha y 3 mils on Parr 35 Glnco Highland Dallas Norh Tollway Grauwylr Brook Hollow Counry Club Prmir Infill Locaion: Aura Wycliff is sragically locad in Oak Lawn, on of h mos cosmopolian aras of h ciy. Th Propry s locaion appals o urban dwllrs who dmand all of h convnincs of h ciy a hir fingrips including an ndlss variy of dining and nrainmn opions. Wll known disrics wihin minus of Aura Wycliff includ Oak Lawn, Upown, Dallas CBD, Vicory, Dallas Dsign Disric, Dallas Mdical Disric, and h Ciis among ohrs. Wll-known rcraional amniis wihin h immdia ara includ Rvrchon and h Kay Trail/Triniy Srand Trail, boh of which provid xclln oudoor living aciviis for Aura Wycliff rsidns. Dallas Counry Club 45 High Qualiy Luxury Dvlopmn: Dvlopr Trinsic Rsidnial Group has a hisory of idnifying high growh marks and dvloping cor, Class A+ mulifamily dvlopmns and has onc again capurd h dmand of rsidns in dsigning his Bs in Class ass. Aura Wycliff is a brand nw, op of h lin ass ha faurs h highs qualiy consrucion, inrior uni finishs, and amniis in h mark. Upscal amniis includ a rsor syl pool wih anning ldg, rlaxaion couryard wih fir pi, gourm kichn islands, and son backsplashs wihin ach uni. Nw ownrship is prsnd wih h opporuniy o acquir a brand nw Class A+ dvlopmn ha faurs h highs qualiy consrucion, wih asful inrior finishs and amniis ha ar poisd o bnfi from fuur growh surrounding his infill locaion. 3

4 Invsmn Highlighs Downown Vicory Ars Disric Upown Goa Hill Turl Crk Old land Offic Campus (Crow and TRT Holdings) Oaklawn s Dougla y) 0V PD ) Propr wa y( 11 0,0 0 s from (0.3 mil Da ll as No r h To ll Wycliff Proximiy o Major Employrs: Aura Wycliff bnfis from is advanagous locaion adjacn o h nranc and xi ramp of h Dallas Norh Tollway, and convninly siuad bwn som of h mos dsirabl offic marks in DFW, Upown Dallas, Dallas CBD, and Prson Cnr. Ths offic marks combind accoun for approximaly Margar 27% of DFW s Class A offic spac. Hun Hill Bridg Th Dallas CBD is norh Txas largs mploymn cnr and h 3rd fass growing mploymn mark in h naion rporing a oal workforc of ovr 135,000 popl. In 2014 h Dallas CBD offic mark rankd firs in n absorpion in h DFW Mro ara wih ovr 500,000 SF of n lasing. Approximaly 1.7 million SF of nw offic spac is currnly undr consrucion in Upown including Harwood, McKinny Oliv, Hall, and Vicory. Major companis ha hav rcnly movd or ar planning o mov o Downown includ Sanandr, Omniracs, Invsco, HKS, and Tn. DFW addd 112,000 jobs in 2014, which ranslas o approximaly 22,400 unis of aparmn dmand. Dsign Disric Exclln Connciviy: Th Propry is idally locad adjacn o h Dallas Norh Tollway wih convnin accss o a variy of frway sysms and ransporaion opions including accss o I-35, I-30, h Margar Hun Hill Bridg, and Woodall Rodgrs Frway, providing Aura Wycliff s rsidns wih convnin accss o narly vry major mploymn and nrainmn bas wihin h DFW mark. Th following driv ims indica jus how cnrally locad h Propry ruly is o ach and vry amniy bas in Dallas. Dallas Dsign Disric 4 minus Prson Cnr 5 minus Vicory 5 minus Ciyplac 6 minus Ws Villag 6 minus land Hospial 6 minus Dallas CBD 7 minus Dallas Lov Fild 7 minus UT Souhwsrn 7 minus Dallas Gallria 10 minus Norhpark Cnr 10 minus Knox/Hndrson Corridor 10 minus Afflun Ara Dmographics: Posiiond wihin h souhrn porion of h Oak Lawn/ Ciis submark, Aura Wycliff is posiiond o ak full advanag of an afflun ara profil wih an avrag houshold incom of ovr $83,000 wihin a 1-mil radius of h Propry and mdian propry valus of approximaly $292,000 wihin h sam radius. 4

5 Connciviy Norhws Highway Norhpark Cnr Prson Cnr Inwood Villag Lovrs Lan Dallas Norh To llway Souhrn Mhodis Univrsiy Prson Road Lov Fild Airpor Lov Fild Airpor Mockingbird Saion n rd i gb Mdical Disric La Highland Villag n ki M Upown Highland oc Lowr Grnvill d oo w n I ad Ro Knox Hndrson m m L on C d ar rin gs l ap Ro ad Turl Crk Ciy Plac u n Downown Lakwood u Sp Oak Lawn M liff yc W u n n Mdical Disric Upown Eas Dallas Dsign Disric Amrican Airlins Cnr Vicory ay w Fr s r dg o ll R Ars da o Disric o W Bryan Plac Baylor Mdical Disric Dp Ellum Singlon Boulvard Triniy Grovs Downown 5

6 For Addiional Informaion, Plas Conac: Jff Pric Managing Dircor Jorg Mas Snior Vic Prsidn Chrisophr Baily Vic Prsidn Mark Opraions Alisan Ruland Associa Douglas nu Dallas, TX