
Investment Highlights
1
Top-Tier Class A Built-For-Rent Community in North Fort Worth:
Completed in 2023, Wayfare Cibolo Hills offers 271 homes with spacious one, two, and three-bedroom floor plans, averaging 945 square feet. Units are equipped with stainless steel appliances, granite countertops, free parking, wood-like flooring throughout, and attached garages in each unit with electrical car charging outlets. Wayfare Cibolo Hills luxury accommodations are perfectly suited to the demographic trends in North Fort Worth, appealing to highly skilled and well-paid professionals.
2
First Class Amenities:
Wayfare Cibolo Hills offers many Clubhouse Amenities including a Pet Park, Resort Style Salt Water Pool, 24/7 Fitness Center, Bamboo Studio for Yoga, Pilates, Group Fitness, etc, Onsite Business Center, & a Cyber Café equipped with WIFI & Coffee Bar.
3
Desirable Living Environment:
The property is situated amongst numerous Retail, Major Thoroughfares, and Entertainment venues offering a vibrant and versatile living environment for both singles and families in the north Fort Worth area.
- Major Thoroughfares: Minutes away from I-35W, Hwy 81, US-287, State Highway 121, State Highway 114, I-820, and DFW airport. Under an hour away from popular destinations like Arlington and Grand Prairie, TX.
- Shopping: Within 20 miles, there is The Shops at Clearfork, Watauga Towne Center, Alliance Town Center, as well as Presidio Junction Stores
- Recreation: Eagle Mountain Lake/Eagle Mountain Park, Texas Motor
Speedway, and Fort Worth Stockyards all within a 15-mile radius.
4
Favorable Rent Vs. Own Dynamics Prompting Future Rent Growth:
Impressive job growth and headquarter relocation trends continue to apply pressure to the Greater Dallas Fort Worth housing market with residential demand far outpacing supply. Median home sales in the city of Fort Worth have appreciated to over $401,500 (+36%), providing an attractive rent vs own ratio as high home value and increasing interest rates have made mortgage payments in the area increasingly cost prohibitive.
Factoring in this median home value in Fort Worth and considering current interest rates, the average mortgage payment of a home in Fort Worth would be approximately $600/month higher than renting at Wayfare Cibolo Hills, proving up the rent growth narrative at the property.
5
Major Employers Nearby:
Numerous Notable Employers are in close proximity to Wayfare Cibolo Hills including:
- Lockheed Martin Aeronautics: A major aerospace manufacturer with significant operations in Fort Worth, known for producing military aircraft.
- Naval Air Station Joint Reserve Base Fort Worth: A key military installation providing employment in defense and related sectors.
- Texas Health Resources: A large healthcare provider with multiple facilities in the Fort Worth area, offering a range of medical services.
- American Airlines Group: With its headquarters in nearby Dallas-Fort Worth, American Airlines is a significant employer in the region.
- BNSF Railway: A major freight railroad network with operations in Fort Worth, contributing to the transportation and logistics sector.
Contact Us
DALLAS OFFICE
5960 Berkshire Lane, Suite 1000
Dallas, TX 75225
214.346.0200
INVESTMENT SALES
GREG SMITH
Senior Managing Director
972.764.8499
[email protected]
CALEB JONES
Senior Director
972.458.7355
[email protected]
PAUL HARRIS
Senior Managing Director
972.764.8490
[email protected]
THAD WETTERAU
Senior Director
972.764.8491
[email protected]
Mortgage Banking
NATHAN STONE
Senior Managing Director
214.360.3873
[email protected]
JASON RICE
Senior Managing Director
214.360.3811
[email protected]
JOHN KOEIJMANS
Senior Managing Director
214.360.3822
[email protected]
ELI GERSHENSON
Managing Director
214.360.3814
[email protected]
BRAD MASON
Director
214.360.3813
[email protected]
BOYD OLIVER
Director
972.801.3069
[email protected]
CHRIS POLLARD
Managing Director
214.360.3839
[email protected]
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 company business in Nevada.
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