Woodhill presents investors a great opportunity to increase value through an interior upgrade program with clear evidence to suggest demand for higher quality finish outs.
Woodhill was developed on 19.54 acres and this low density allows them to have the best amenities in Denton while leaving lush trees, and greenspace intact.
Woodhill is in a prime central location of Denton, which has averaged an impressive 95.8% occupancy in the most recent 24 months and over that same time period market rent in Denton has swelled from $893 to $1,044.
Denton County ranked #3 in the U.S. for net population growth over the last 5 years and the current population of 136,268 makes Denton the 24th largest city in Texas.
Woodhill benefits from direct access to major thoroughfares Interstate-35E, and Highway 77 which provide convenient transit to major employment centers, hospitals including Texas Health Presbyterian and Medical City Denton, along with popular attractions such as the revived Downtown square which is home to new restaurants, bars, breweries, entertainment destinations, and live music venues.
Denton has a low homeownership rate of 47.2%, more expensive home rentals than Dallas, and a median age of 28.5.
Woodhill has the opportunity to differentiate itself from the competition by upgrading interiors to the top of the market level, and by demonstrating the competitive advantages such as the irreplaceable location and the best-in-class amenities package.
Denton is a booming North Texas city with a population of 136,268. After construction of Dallas/Fort Worth International Airport was completed in 1974, the city saw rapid growth, but as of 2013, Denton was the seventh-fastest growing city in the country with a population over 100,000 current residents.
Businesses and residents alike are drawn to Denton’s authenticity and opportunities. The community is characterized by a vision for smart growth and business investment, a friendly, small-town feel paired with big-city amenities, two thriving state universities, and a commitment to sustainability. Denton offers a favorable business climate, exceptional livability, and a diversity of choices in employment, lifestyle, and neighborhoods.
With over 50,000 students enrolled at the two universities located within its city limits, Denton has traditionally been characterized as a college town. As a result of the universities' growth, educational services play a large role in the city's economy, but the area is home to many businesses and residents who are not associated with educational services. Residents are served by the Denton County Transportation Authority, which provides commuter rail and bus service to the area. Denton is also known for its active music scene, hosting the North Texas State Fair and Rodeo, Denton Arts and Jazz Festival, and 35 Denton Music Festival which combine to attract over 300,000 people to the city each year. Denton has a fascinating history with strong fundamentals pointing towards a promising future.
+ Denton ranked one of the best cities to find a job in 2019
+ #1 Small Town in the US
+ #6 High Tech Hotspot in the US
+ #6 in Texas percentage population increase 2010-2016
+ #7 Human Capital & Lifestyle in North America
+ Most WIND ENERGY in the nation
+ Top 10 US City for Data Security
+ #17 Healthiest Housing Market in the US
+ University of North Texas (UNT)
+ Texas Woman’s University
+ Medical City Denton
+ Texas Health Presbyterian Hospital Denton
+ Peterbilt Plant
+ Rayzor Ranch Town Center
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.
©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx