Ashland Greene acquires class A, 267-unit property located in master plan development near Dallas
Ashland Greene has announced the closing of its latest acquisition, Devi at Valley Ranch.
The class A, 267-unit, off-market property in the Dallas–Fort Worth metroplex features one-, two- and three-bedroom floor plan options, with 86 percent of units having private garages. Ashland Greene secured this asset at nearly a 10 percent discount on its December 2022 market price. Ashland Greene financed a portion of the purchase price with an agency loan (Freddie Mac) at a fixed 6.25 percent interest rate.
Devi at Valley Ranch is part of the highly desirable Valley Ranch master plan development, a sought-after location between Interstate 35 and Interstate 635. It offers access to the Dallas Urban Core to the east and the Mid-Cities to the south and sits within the Coppell ISD.
The firm anticipates potential value-add creation of up to $39 million. Given that the area boasts a median household income exceeding $90,000, this asset is ideally suited for the implementati