Townhome exterior at Towne Oaks Townhomes in Irving, Texas
Back to portfolio

Portfolio property · Irving, Texas

Towne Oaks

847 Mary Lee Circle · Acquired 2025

Property overview

Townhome living in the center of the Dallas-Fort Worth employment base.

Towne Oaks is a 78-unit Irving community with one-, two-, and three-bedroom layouts. Its unit mix serves residents seeking more space with convenient access to major DFW employment and transportation corridors.

78Townhome residences
19One-bedroom units
42Two-bedroom units
17Three-bedroom units
94.9%Reported occupancy
2025Year acquired

Operating profile

Diverse townhome layouts supported by active property reinvestment.

The July 16, 2026 rent roll and trailing-12-month records provide an aggregated snapshot. Resident and lease-level information is excluded.

Rent positioning

Market rent by bedroom count

July 2026 range

The rent roll reported 94.9% occupancy across 78 townhomes.

Operational execution

Trailing-12-month improvements

Through June 2026
Largest unit segment54%

Two-bedroom townhomes represent 42 of the 78 residences.

Rent capture92.8%

Scheduled monthly rent as a share of reported market rent.

Property improvements$186.6K

Recorded improvement activity during the trailing 12 months.

Sources: rent roll dated July 16, 2026 and trailing-12-month income statement through June 2026. Figures are historical and may have changed.

Ownership approach

Upgrading townhome interiors and exterior systems at meaningful scale.

One-bedroom townhomesTwo-bedroom townhomesThree-bedroom townhomesInterior rehabilitationExterior improvementsResident-area upgradesIrving locationDFW employment access