Embrey closed on the land for the company’s second single-family rental development project, Collection Champions Circle, in Fort Worth, Texas. The 22.9-acre property will feature one-, two-, and three-bedroom duplex-style homes in the master-planned community. Embrey says Collection Champions Circle will provide the privacy and neighborhood feel of a single-family home alongside shared amenities, including a clubhouse, a resort-style pool, and on-site property management provided by Embrey.
“Embrey’s single-family rental communities are the perfect option for renters who appreciate the lifestyle and convenience of a traditional apartment community while also providing many of the benefits of a single-family home,” says Jeremy Williams, senior vice president of development for Embrey. “This is a particularly attractive option for young families, pet owners, and empty nesters.”
The development is located near several large employers, including Charles Schwab, TD Ameritrade, Facebook, and Amazon. Construction on the community is scheduled to begin next month with completion expected in 2024.
“Dallas-Fort Worth is one of the fastest-growing multifamily markets in the country,” says John Kirk, managing director and executive vice president of development. “The area’s strong economic and demographic momentum and high household income make it a prime location for this particular style of development.”
San Antonio-based Embrey is a real estate investment company that owns, develops, builds, acquires, and manages multifamily residential communities and commercial assets.
