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Berkadia’s Dallas Multifamily Investment Sales Team is pleased to announce the exclusive listing of Ascend at Chisholm Trail, a brand new 387-unit community located in the thriving Chisholm Trail Growth Corridor in southern Fort Worth. Recently completed in 2025, Ascend at Chisholm Trail is situated on 16.30-acres and comprised of 13 traditional three-story apartment buildings, as well as 56 one-story “casitas” buildings. With excellent accessibility and visibility from Chisholm Trail Parkway, residents can enjoy quick access to significant employment centers and lifestyle/entertainment opportunities.
The property offers nine unique floor plans with an average unit size of 915 square feet. Unit interiors feature high-class amenities, with a variety of living options including traditional apartments and individual one-story “casitas” units. The units feature a mix of carpet and wood inspired flooring, washer and dryer connections, eco-friendly double paned windows and gourmet kitchens, with tile back splash, granite counters with undermount sink and stainless-steel energy efficient appliance packages. Additionally, select units include dual vanities, mud rooms and fenced back yards. Community amenities include an expansive resort-style pool with loungers, fenced dog park, pet spa and wash, outdoor fire pit, and a clubhouse with fireplace lounge and pool table, fitness studio with yoga room and attached kid’s playroom, large coworking area, conference rooms and more. With its unmatched interior finishes and premier location, Ascend at Chisholm Trail also offers value enhancement opportunities through a property-wide bulk Wi-Fi program and increases in the amenity fee upon stabilization. Overall, an investor can benefit from the potential for future rent growth, long-term stability and value appreciation. Ascend at Chisholm Trail is being offered All Cash, available for new financing.
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DALLAS OFFICE
5960 Berkshire Lane
Suite 1000
Dallas, TX 75225
INVESTMENT SALES
Adam Sumrall
Director
512.960.2674 adam.sumrall@berkadia.com
Justin Chambers
Director
512.969.6838 justin.chambers@berkadia.com
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Value Enhancement Opportunities for New Ownership
New ownership will have an opportunity to significantly increase other income upon purchase by implementing the following:
Increasing the amenity fee upon property stabilization
Adding covered and reserved parking spots and charging an additional fee
EV Charging stations
Property wide Bulk Wifi implementation
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Immense Growth along the Chisholm Trail Parkway
Close proximity to entertainment/retail venues including:
The Shops at Chisholm Trail Ranch
210,000 SF power retail center
20+ shopping and dining options
Notable tenants include: Target, HEB, Old Navy, AMC Theaters, Ross, Chipotle, Dutch Bros, and more
The Shops at Clearfork
Over 40 stores and 16 food and beverage options
Anchored by Neiman Marcus, Pinstripes, and AMC Dine-In
Located just off Chisholm Trail Parkway, residents can enjoy quick access to significant employment centers, like South Fort Worth Medical District (5 min), Downtown Fort Worth (15 min), Arlington (20 min), and the greater DFW area.
Major employers such as Alcon Laboratories, Baylor Scott & White, Texas Health Resources, Fort Worth ISD, TCU, and the University of Texas at Arlington are all located within a 20-minute drive from the property.
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Brand New Class A Community Offering Casita Units
Ascend at Chisholm Trail offers tenants a real Class-A living experience with high-class amenities and a wide variety of living options, making this property attractive to singles or families.
The Casitas floor plans at the property offer flexibility by providing a tenant with a detached stand-alone cottage with more privacy and a single-family home feeling.
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Cutt Abelson
Senior Managing Director
713.469.4503
Cutt.Abelson@berkadia.com
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THAD WETTERAU
Senior Director 972.764.8491 Thad.Wetterau@berkadia.com
PAUL HARRIS
Senior Managing Director 974.764.8490 Paul.Harris@berkadia.com
Favorable Rent vs. Own Dynamics
Job growth, headquarter relocations and immigration trends continue to put pressure on the Dallas/Fort Worth housing market with demand still outpacing supply.
Ascend at Chisholm Trail’s $1,628 in place rent compares to an average home ownership cost of about $3,500, providing significant rental upside.
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Cameron Hart
Senior Director
cameron.hart@berkadia.com
512-226-8708
Pre-Stabilization Program
Fannie Mae is promoting a desire to do more new development pre-stabilization deals this year. Berkadia has extensive experience with this program. Highlights below:
Fannie Mae’s Focus:
Fannie is now placing greater emphasis on achieving cap volume, seeing stabilization as a means to amplify their volume.
Benefits:
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Ability to pay off construction loan and add permanent non-recourse financing prior to full stabilization with competitive pricing
Certainty of execution
Speed in processing and underwriting
Eligibility:
Conventional and multifamily affordable housing properties
Strong borrowers with demonstrated lease-up track record
Partially leased, newly constructed, or recently renovated communities
Properties in strong and nationwide markets
100% Certificates of Occupancy issued.
65% Min Physical occupancy
60% Min Economic occupancy
UW Stabilized NCF achievable within 4 months after rate lock
REQUIREMENTS:
GREG SMITH
Senior Managing Director 972.764.8499 Greg.Smith@berkadia.com
ERIC CALUB
Senior Director 972.764.8492 Eric.Calub@berkadia.com
CALEB JONES
Senior Director 972.458.7355 Caleb.Jones@berkadia.com
Mortgage Banking
Boyd Oliver
Director 972.801.3069 Boyd.Oliver@berkadia.com
Jason Rice
Senior Managing Director 214.360.3864 Jason.Rice@berkadia.com
Chris Pollard
Managing Director 214.360.3389 Chris.Pollard@berkadia.com
INVESTMENT SALES
PAUL HARRIS
Senior Managing Director 974.764.8490 Paul.Harris@berkadia.com