SOCFM Developer announced Monday that it has acquired a 903-acre property in Kaufman County from Dallas developer James Mabrey. The property, named Wildcat Ranch, is located on US 175 in the ETJ of Crandall, just 25 minutes southeast of Dallas.
Trez Capital provided project acquisition and development funding for this transaction.
Wildcat Ranch is master-planned for 3,100 single family homes from the $200s including builders KB Homes, Beazer Homes and D.R. Horton Homes. The property also has a newly constructed state-of-the-art elementary school that will serve the community beginning in the 2019-20 school year.
“The phenomenal growth in Kaufman County and the opportunity to provide a well-planned, community to value conscious home buyers in the Metroplex attracted us to this property,” said Patrick Sessions, managing partner of SOCFM Developer LLC. “We’re looking forward to doing business in the City of Crandall and bringing a quality development to the area.”
PMB Capital Investments of Dallas will partner with SOCFM Developer LLC to manage the day-to-day operations of Wildcat Ranch.
“Wildcat Ranch is in an excellent location and will fulfill the demand for first-time buyers or those looking to down size,” said Matt Mildren, partner at PMB Capital Investments. “It will be a great option for home buyers who want a small-town community feel within 30 minutes of downtown.”
As the entire country struggles to fulfill demand for affordable single-family homes, Kaufman County has flourished and continues to be the number one most active real estate submarket in DFW.
“We have provided commercial real estate financing for numerous projects across Texas and are pleased to help bring Wildcat Ranch to Crandall,” said John D. Hutchinson, president of Trez Capital.
Delivery of the first phase of homes is scheduled for late 2019. The community will include several comprehensive amenity complexes, generous open space and a broad entry boulevard.
