First Generation Value-Add Reflections at Valley Ranch presents a rare opportunity for a new investor to upgrade 96% of the interior units which remain in classic condition. The property is a blank canvas with countless opportunities both for interior units as well as common area amenities.
Prolific Submarket Reflections at Valley Ranch is located in the Las Colinas/Coppell apartment market which is one of the most desirable submarkets to live in due to the highly rated Coppell schools, quality of life, density of major employers, quality retail services and numerous entertainment and recreational amenities.
The Valley Ranch / Coppell / Las Colinas submarket offers exceptional rental demographics evidenced by the consistent rent growth and high occupancy levels. Over the last year the submarket has achieved effective rent growth of 8.1% according to Axiometrics while remaining over 95% occupied.
Top-Rated School District in North Texas The highly desirable, A+ rated Coppell ISD is consistently ranked as a top 5 school district in the State of Texas. There are only 17 apartment communities that benefit from being in the Coppell school district which boasts a 99% graduation rate.
Direct Proximity to Major Development and Employment Drivers Las Colinas - With 22,300,000 square feet of office space, nearly equivalent to the Dallas CBD, Las Colinas is currently home to more than 2,000 companies including 7 Fortune 500 global headquarters.
DFW International Airport - DFW Airport currently has 60,000 employees, but the $519M expansion will generate 15,000+ jobs. The new American Airlines Headquarters (1.8M SF on 300-acre campus, 5 office buildings, 11,000 employees, 2017-2021 construction) opened less than 15 minutes from the Reflections at Valley Ranch.
Cypress Waters - 1,000-acre master-planned is DFW’s newest master-planned community and has already provided thousands of new jobs as well as delivered 400,000-square-feet of retail. Estimates for the project at build-out in 2020 predict that there will be 3.5-million-square-feet of office and 17,500 employees.
Hidden Ridge - A new $1 billion development in Las Colinas that includes corporate offices, retail, apartments and hotel rooms on a more than 100-acre site. The anchor business tenant for the Hidden Ridge development is Pioneer Natural Resources which plans to have 1,100 employees in a 750,000 square-foot office complex.
Freeport Business Park - This thriving business park offers over 250k sf of office and warehouse space in a convenient location. There is over 4 acres of undeveloped land that will be developed in the near future.
Excellent Demographics and Home Values The highly affluent area is expected to experience population growth of 34% over the next 5 years • Average Home Value - $400k+ • Average Household Income - $110k+
Superior Transportation Access Reflections at Valley Ranch is also conveniently located near major transportation arteries, including Interstate-635, Interstate-35E, State Highway-114, Sam Rayburn Tollway (121), President George Bush Turnpike (161), as well as the Orange and Green DART Rail Lines. This ideal location provides convenient access to all parts of DFW
All Cash - Green Financing Reflections at Valley Ranch is being offered as an ALL CASH opportunity allowing a new investor to take advantage of the historically low interest rate environment and green financing options.
Reflections at Valley Ranch is conveniently situated in the coveted Valley Ranch neighborhood in Irving. Near the intersection of I-635 and President George Bush Turnpike, this location provides great highway access and visibility while maintaining a quiet community just minutes from The Dallas/Fort Worth International Airport. This centralized location provides Reflections at Valley Ranch residents with easy access within minutes to the entire Dallas / Fort Worth Metroplex.
The unemployment rate in Irving is 3.1 percent, compared to 3.6 percent in Texas and 3.7 percent nationally, according to the Texas Workforce Commission (December 2018).
Several Irving neighborhoods, including Valley Ranch, ranked among the most popular for urban sophisticates in the DFW area, according to a series of stories published by The Dallas Morning News. The availability of jobs, walkability, ease of access to transportation and its central location – globally, nationally and locally – were among the reasons so many young adults ranked Irving among the top places to live.
The city provides employment to more than 290,000 business professionals, making it the third-largest employment center in North Texas. A diverse economic base is represented by manufacturing, high-tech, health care, financial, industrial and service-oriented businesses. Seven of the 53 Fortune 500 companies located in Irving have made it their global headquarters.
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