515 MAPLE | Single-Family Rental 515 Maple Street ......Aberdeen is an 8-unit multifamily community...

JORDAN CORTEZ Managing Principal

214-556-1951 [email protected]

JUSTIN TIDWELL Director


MASON JOHN Associate


SETH DAMROW Financial Analyst 214-556-1952

[email protected]

THE ABERDEEN | 8 Units 2004 Pecan Street | Commerce, TX 75428

515 MAPLE | Single-Family Rental 515 Maple Street | Commerce, TX 75428

1609 ASH | Single-Family Rental 1609 Ash Street | Commerce, TX 75428

COMMERCE MULTIFAMILY PORTFOLIO

10 UNITS

�e Aberdeen

515 Maple 1609 Ash

C O M M E R C E P O R T F O L I O

COMMERCE MULTIFAMILY PORTFOLIO | 2

OFFERED PROPERTY

Vanguard Real Estate Advisors is pleased to present the exclusive opportunity to purchase

a three-property multifamily portfolio comprised of The Aberdeen (“Aberdeen”), 515 Maple

Street (“515 Maple”) and 1609 Ash Street (“1609 Ash”) (“Portfolio” or “Properties”). This

Class A student-oriented investment opportunity totals 10 units and is located northeast

of the Dallas/Fort Worth Metroplex in the growing city of Commerce. The Aberdeen was

completed in 2017 and consists of 8 units, all of which are 2 bedroom and 2.5 bath with

well-appointed interiors and upgraded appliances. 515 Maple and 1609 Ash also contain

well-appointed interiors and are both 3 bed/2 bath single-family rental homes with similar

floor plans that were constructed in 2011 and 2013 respectively. The Properties are

conveniently located in close proximity to one another and near the campus of Texas A&M

University – Commerce, which is the area’s largest employer and the economic driver for the

community. The stabilized Portfolio is currently 100% occupied, and although they are not

being operated as by-the-bed student housing, given the close proximity to the university

and lack of student housing options, the Portfolio tends to be a very attractive option for

students. The Portfolio is strategically located within the market and offers strong in-place

cash flow from day one while also providing a new investor considerable upside potential

through increasing rents, by adding additional amenities, implementing more aggressive

marketing strategies, and streamlining expenses.

The Portfolio is located in Commerce, Texas, a bedroom community in the northeastern

section of Hunt County on the northeastern edge of the greater Dallas/Fort-Worth

Metroplex. Commerce has a population of approximately 8,800 people and is located

at the intersection of Highway 11 and Highway 24 and approximately 10 miles north of

Interstate 30 which provides direct access to downtown Dallas, 65 miles to the southwest.

Commerce is home to Texas A&M University – Commerce which has a current enrollment

of over 12,000 students and employs approximately 850 people.

Financing: The Properties are being offered on an All Cash basis, allowing for unrestricted

financing options to a new investor.

INVESTMENT SUMMARY

Property Commerce Multifamily Portfolio

Location Commerce, Texas

Price $1,025,000

Price per Unit $102,500

Price per Square Foot $99.57

Number of Units 10 Units

Year Built 2011, 2013, 2017

Net Rentable Square Feet 10,294 SF

Average Unit Size 1,029 SF

Average Market Rent per Unit $919

Average Market Rent per SF $0.89

Occupancy 100%

* Rents and Occupancy as of May 29, 2018

PORTFOLIO UNIT MIXType Description No. of

UnitsUnit Size

Market Rent

Rent per SF

A1 2 Bed / 2.5 Bath 8 967 $900 $0.93

B1 3 Bed / 2 Bath 1 1,279 $995 $0.78

B2 3 Bed / 2 Bath 1 1,279 $995 $0.78

Totals/Averages 10 1,029 $919 $0.89

* Square footage is approximate. Buyer is advised to verify actual net rentable square footage during due diligence.



INVESTMENT DRIVERS

Distinctive Class A Rental Portfolio

The Portfolio consists of three Assets which total 10 units, currently 100 percent occupied. The Aberdeen is an 8-unit multifamily community which was built in 2017 with best-in-class finishes that include upgraded appliances, granite countertops, full-size washer/dryer connections and fenced yards/patios. The units are all 2-bedroom and 2.5-bath and average a spacious 967 square feet. The two single-family rental homes were built in 2011 and 2013 with high-end finishes and amenities that include upgraded appliances, granite countertops, full-size washer/dryer connections, covered porches, spacious front yards with mature trees, and fully fenced backyards. Both homes are 3-bedroom and 2-bath floor plans that average an expansive 1,279 square feet. All three properties are conveniently located within an approximate one-mile radius from one another. The Portfolio represents an outstanding opportunity to purchase Class A product below replacement cost at an attractive yield. An investor could operate the Portfolio “as is” or sell off the single-family rental assets individually at a retail basis, thus maximizing overall returns.

Strategic Location

The City of Commerce is located in Hunt County which is one of 13 counties that make up the Dallas-Fort Worth-Arlington MSA (“DFW”). Strategically located near the northeastern boundary of DFW, Commerce offers a quiet community feel while also having all of the conveniences of DFW nearby. Commerce is strategically located at the intersection of Highways 11 and 24 and approximately 10 miles north of Interstate 30 which provides convenient access to Downtown Dallas, approximately 65 miles to the southwest. The Portfolio is ideally located within close proximity to the campus of Texas A&M University – Commerce, which is a four-year university with an enrollment of over 12,000 students and is also the city’s largest employer with approximately 850 employees. The Portfolio’s proximity to campus and upscale finishes make it an ideal choice for students and faculty.

Strong Apartment Market

According to the April 2018 data from Yardi, rental rates for the submarket continue to remain strong and currently average $746 per unit, representing an outstanding 5.8 percent year-over-year increase. The occupancy rate over the past 12 months has remained in the mid- 90 percentile and is currently a healthy 94.5 percent as of March 2018. Per a 2017 Esri estimate, the population of Commerce totals 8,817 people, a 9.15 percent increase since 2010. The population is forecast to continue a positive growth pattern which, along with the ever-expanding A&M – Commerce, will help multifamily fundamentals remain strong in the coming years.

The Aberdeen

515 Maple

Texas A&M University –Commerce

Walmart Supercenter

Legacy Housing, LTD

Memorial Stadium

Hydro Aluminum

Brookshire’s

Oak Manor Nursing Home

Northeast TexasChildren’s Museum

Hunt Regional EmergencyMedical Center

Lone Star EateryGrill & Bar

City Park

Centennial Park

1609 Ash



RENTAL UNIT FEATURES

• Upgraded Appliances

• Granite Countertops

• Ceiling Fans in Living Room and Bedrooms

• Spacious Closets

• Mini-blinds

• Upgraded Lighting

• Upgraded Cabinets

• Fenced Yards/Patios

• Electric Kitchens

• Built-in Microwaves

• Dishwashers

• Washer / Dryer Connections

• Plank Flooring

• Central Air and Heat



OFFERING PROCEDURES

The Commerce Multifamily Portfolio is being offered to principals only, subject to the limiting conditions described in the

Offering Memorandum and the Confidentiality Agreement. Prospective investors should recognize the following:

Property Inquiries – All property information inquires should be addressed to Vanguard. Please contact Jordan Cortez at

214-556-1951 ([email protected]) or Justin Tidwell at 214-556-1955 ([email protected]).

Property Tours – Property tours are highly recommended and will be offered upon request. To arrange a personal tour of

the Property, please contact Jordan Cortez at 214-556-1951 ([email protected]) or Justin Tidwell at 214-

556-1955 ([email protected]).

Purchase Offer Instructions – Purchase offers should be submitted on a Letter of Intent basis and should clearly reflect, at

a minimum, the purchase price for the Portfolio, earnest money deposit amounts, allocation of closing costs, due diligence

period, and closing period.

Financing – The Portfolio is offered on an All-Cash basis.

Disclaimer – Owner reserves the right, at its sole discretion, to reject any and all offers to purchase the Portfolio and/or to

terminate discussions with any prospective investors, at any time, with or without notice. Owner shall not be bound until a

mutually agreed contract is executed by and delivered to all parties.

VANGUARD REAL ESTATE ADVISORS

15400 Knoll Trail Drive, Suite 380 Dallas, TX 75248

2619 Hibernia Street, Suite 5 Dallas, TX 75204

www.VanguardREA.com

JORDAN CORTEZ Managing Principal 214-556-1951 [email protected]

MASON JOHN Associate 214-556-1953 [email protected]

JUSTIN TIDWELL Director 214-556-1955 [email protected]

SETH DAMROW Financial Analyst 214-556-1952 [email protected]

CONTACT INFORMATION

INFORMATION ABOUT BROKERAGE SERVICESTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (a client is the person or party that the broker represents):• Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH – INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and

advice to, and carry out the instructions of each party to the transaction.• Must not, unless specifically authorized in writing to do so by the party, disclose:

• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Licensed Broker/Broker Firm Name or Primary Assumed Business Name: Vanguard Real Estate Advisors | License No. 9003054 | [email protected] | 214-556-1951 Designated Broker of Firm: Jordan Cortez | License No. 494942 | [email protected] | 214-556-1951 Licensed Supervisor of Sales Agent/Associate: Justin Tidwell | License No. 647170 | [email protected] | 214-553-1955Sales Agent/Associate: Mason John | License No. 682887 | [email protected] | 214-553-1953

JORDAN CORTEZ | Managing Principal 214-556-1951 | [email protected]

MASON JOHN | Associate 214-556-1953 | [email protected]

JUSTIN TIDWELL | Director 214-556-1955 | [email protected]

SETH DAMROW | Financial Analyst 214-556-1952 | [email protected]

C O M M E R C E M U LT I F A M I LY P O R T F O L I O10 Units | Commerce, Texas 75428

515 MAPLE | Single-Family Rental 515 Maple Street ......Aberdeen is an 8-unit multifamily community...

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