Clover Capital Partners announced the acquisition of The Woodlands of Plano.
Located in northeast Plano, Texas, this community represents a fully stabilized value-added opportunity with 232 units across a mix of one-, two- and three-bedroom floorplans. The property includes assumable fixed-rate debt at 3.02 percent with a full 10 years remaining, providing exceptional long-term interest rate security, positive arbitrage and downside protection.
Plano offers proximity to major employers like Toyota, Frito-Lay and Texas Instruments, making it a prime location for residents. The property is near attractions such as downtown Plano, Legacy West, The Shops at Willow Bend and Oak Point Park.
"This marks an exciting step forward for our firm,” said Bryan Harlan, co-founder at Clover Capital Partners. “Clover looks forward to executing our business plan, creating more long-term value for our residents and investors while maximizing returns and minimizing risk.”
