The Portfolio is located in Corsicana, Texas, county seat of Navarro County about 50 miles SE of Dallas along IH-45. Corsicana has done a great job of expanding industry and employment and has a severe housing shortage per a 2017 city housing study that has not been fulfilled. The properties are part of a 280-acre master planned development in West Corsicana with commercial sites, an apartment site, and single family land/lots. The houses were built in 2023 and leasing starting during construction. All are one story, 3/2/2 floor plans with 1401-1500 SF of living area and good features. The houses are stabilized with a pro-forma cap rate of 6.9% and a GRM of 105.