SOCFM Developer announced today they have acquired a 903-acre property in Kaufman County from Dallas developer James Mabrey. The property, named Wildcat Ranch, is located on US 175 in the ETJ of Crandall, just 25 minutes southeast of Dallas. Trez Capital provided project acquisition and development funding for this transaction.
Wildcat Ranch is master-planned for 3,100 single family homes from the $200s including builders KB Homes, Beazer Homes and D.R. Horton Homes. The property also has a newly constructed state-of-the-art elementary school that will serve the community beginning in the 2019-20 school year.
“The phenomenal growth in Kaufman County and the opportunity to provide a well-planned, community to value conscious home buyers in the Metroplex attracted us to this property,” said Patrick Sessions, managing partner of SOCFM Developer LLC. “We’re looking forward to doing business in the City of Crandall and bringing a quality development to the area.”
PMB Capital Investments of Dallas will partner with SOCFM Developer LLC to manage the day-to-day operations of Wildcat Ranch.
“Wildcat Ranch is in an excellent location and will fulfill the demand for first-time buyers or those looking to down size,” said Matt Mildren, partner at PMB Capital Investments. “It will be a great option for homebuyers who want a small-town community feel within 30 minutes of downtown.”
As the entire country struggles to fulfill demand for affordable single-family homes, Kaufman County has flourished and continues to be the number one most active real estate submarket in DFW.
“We have provided commercial real estate financing for numerous projects across Texas and are pleased to help bring Wildcat Ranch to Crandall,” said John D. Hutchinson, president of Trez Capital.
Delivery of the first phase of homes is scheduled for late 2019. The community will include several comprehensive amenity complexes, generous open space and a broad entry boulevard.
About SOCFM:
SOCFM Developer is an affiliation of several experienced development and investment professionals who have created numerous successful communities in Texas. Principal Patrick Sessions is also a partner and manager of Southstar Woodcreek, the entity that is developing the successful Woodcreek community in Rockwall County, ranked in the top three best-selling projects in the DFW market.
About PMB Capital Investments
PMB Capital Investments is a privately held real estate investment and development company based in Dallas, TX. With over 30 years of combined real estate and capital markets experience, PMB has developed over 5,000 residential lots and over $750 million in direct real estate acquisitions. PMB has the flexibility to invest across all real estate product types and in equity, debt and/or mezzanine capital structures. The company primarily targets major cities in the southwestern US with strong population growth projections.
About Trez Capital
Trez Capital is a multi-faceted commercial real estate capital source that provides mid-market property developers and owners with quick approvals on flexible short- to mid-term financings. In major markets across the U.S., Trez Capital offers financing for new residential communities, completed residential lots, multifamily developments, hospitality real estate and income properties. From its Dallas headquarters, Trez Capital has financed more than $1.7 billion in real estate projects in the U.S. since 2011. For more information, contact John D. Hutchinson, president of Trez Capital at 214.545.0952.
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