Irving, TX (Dallas MSA)
Devon on Northgate — Multifamily Equity
448-unit multifamily equity in Irving TX. 21.6% IRR, ~10% Year 1 cash-on-cash. Daily USDC distributions. CLR-DN01 on Polygon.
Open
Polygon
CLR-DN01
Investment thesis
448-unit institutionally-managed multifamily in Irving, TX (Dallas MSA). Available at $125,000/unit — ~12% discount to seller’s all-in basis. Land sale-leaseback with Freddie Mac agency debt. $8M+ in seller capex. Daily USDC distributions.
Asset highlights
- Located in a top-quartile growth submarket
- Weighted average lease term above the asset-class median
- Sponsor co-invest of at least 5% of total equity
- Senior debt locked at fixed rate through the hold
Offering documents
- Private Placement Memorandum (PPM)Request access
- Operating AgreementRequest access
- Underwriting modelRequest access
- Subscription AgreementRequest access
Tokenization details
| Token symbol | CLR-DN01 |
|---|---|
| Blockchain | Polygon |
| Issuance standard | ERC-3643 |
| Custodian | Anchorage Digital Bank |
| Transfer agent | Securitize, LLC |
| Resale window | 12-month lock-up; secondary on partner ATS thereafter |