Castlelake has plans to sell a portfolio of master-planned communities across Austin, Dallas, Houston and Nashville.
The portfolio consists of 2,300 remaining single-family, detached lots and excess land for potential development located within five fully entitled and well-established residential master-planned communities. More than $250 million of total infrastructure investment has been completed across the communities to date with nearly 3,700 closed lot/home sales to date.
“This is an excellent opportunity to acquire a critical mass of highly desirable residential lot inventory along with excess land for commercial development. The lots are within proven master planned communities located across the highly sought-after growth markets of Austin, Dallas, Houston and Nashville,” said Jack Howard, executive vice president of CBRE’s national portfolio sales advisers, which has been exclusively retained by Castlelake to market the sale.
The portfolio includ
