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3400 Joyce Ln, Denton, TX 76207

INVESTMENT SALES

DALLAS

5960 Berkshire Lane, Suite 1000 Dallas, TX 75225 214.346.0200

Caleb Jones

Senior Director 501.952.1785 caleb.jones@berkadia.com

Paul Harris

Senior Managing Director 972.764.8490 paul.harris@berkadia.com

Thad Wetterau

Senior Director 972.754.5420 thad.wetterau@berkadia.com

Eric Calub

Senior Director 972.567.3560 eric.calub@berkadia.com

Jay Gunn

Managing Director 214.679.7100 jay.gunn@berkadia.com

Greg Smith

Senior Managing Director 817.313.7081 greg.smith@berkadia.com

PHOTO GALLERY

LOCATION

PROPERTY STats

2018-2019

YEAR Renovated

1982

YEAR BUILT:

200

# of Units:

Investment Highlights:

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Attractive Financing Options: Below market assumption at 4.87% with 7 years remaining or all cash. Well Managed and Maintained Asset: Current ownership invested over $1mm on capital improvement projects. Value-add Opportunities: The asset is 100% classic units with the option to add private yards and implement valet trash. New Leases Driving Rent Growth: The property is registering up to 5% of growth when measured against in-place rent. Significant Runway to Boost Rents: Rents of comparable Class B properties in the submarket are up $300 per unit compared to in-place rent. Immediate Revenue Generators: Continue fee scheduled amenity programs such as: washer/dryers, carports/reserved parking, and amenity fee. Proximate to Substantial Economic Drivers: A 5-minute drive to ICC-35 Denton. A brand-new 1.2 million sf. warehouse and distribution development in North Denton.

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. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. © 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.

Tom Burns

Managing Director 214.563.6610 tom.burns@berkadia.com

MORTGAGE BANKING

Jason Rice

Managing Director 214.360.3811 jason.rice@berkadia.com

Boyd Oliver

Associate Director 210.274.2804 boyd.oliver@berkadia.com

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