Latest Investment Opportunity:
Trulo Homes Cottonwood Creek
Our newest BTR community in Waco, Texas is now accepting investments
PROJECT OVERVIEW
Insider Insights
Playlist
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NEW opportunity
Building best-in-class rental home communities
TRULO HOMES COTTONWOOD CREEK
206-home rental community in Waco, Texas
INVEST IN TRULO HOMES COTTONWOOD CREEK
- High-growth secondary markets
- Strong demographic trends
- Quality school districts
- Access to major employers
- On-site Trulo Homes teams
- 24/7 maintenance support
- Resort-style amenities
- Community programming
- 22%+ targeted IRR
- 1.88x+ equity multiple target
- 7%+ cash-on-cash returns
- 4-year investment horizon
- Clear path to stabilization
- Growing institutional demand
- Multiple exit strategies
- Strong buyer pool
EXECUTIVE SUMMARY
Investment Process
Schedule Your Investment Discussion
Review Investment Materials
Download the Cottonwood Creek offering memorandum and financial projections
Schedule Due Diligence Call
Meet with our investment team to review the opportunity in detail
Reserve Your Investment
Secure your position in the Cottonwood Creek BTR
project
BUILD-TO-RENT COMMUNITIES:
KEY FEATURES & MARKET DRIVERS
- Purpose-built single-family rental communities
- Combines benefits of single-family homes and apartment living
- Professionally managed, with on-site maintenance
- Typically 100-250 homes in a single development
- Mix of detached homes and townhomes
- Private yards and garages
- High-end finishes and smart home technology
- Resort-style amenities (e.g. pool, fitness center, dog parks)
Favorable Demographics
Milennials - Renters by Choice Baby Boomers - Financial Flexibility
Neighborhood Optionality
Community amenities and school districts are becoming an more important factor
Rising Cost of Housing
From 2021 to 2023, the mortgage payment on median-priced US homes has increased 171%*
Increased Space Requirements
Remote work and growing families have fueled a need for more spacious housing
Migration Patterns
Affordability and increased opportunity outside of metro areas have cause a migration away from urban city centers
TRULO HOMES Cottonwood Creek
INVESTMENT OVERVIEW
Targeted Fund Size (Class A & Class B): $19,518,701
Duration: Project-level return projections are conservatively based on an exit in month 43.
Class B shares are available to all investors. Investors who commit $500,000 or greater to the project are eligible to acquire Class A shares. Sponsor Co-Invest will be treated as Class A shares.
Investor Distribution Waterfall:
- 1st Investor Preferred Return
- 2nd: Return of Capital
- 3rd: 70% to Investors and
- 30% to Sponsor as a Promote
Investor Distribution Waterfall:
- 1st Investor Preferred Return
- 2nd: Return of Capital
- 3rd: 50% to Investors and
- 50% to Sponsor as a Promote
RED RIVER DEVELOPMENT GROUP
As a vertically-integrated developer and operator, RRD will source, develop, own and manage its BTR communities under the Trulo Homes brand throughout the Southern, Western, and Midwestern United States.
RRD BUILD-TO-RENT TRACK RECORD
RED RIVER MANAGEMENT
Ryan Watts
Managing Partner
Steven Watts
Managing Partner & CEO of Trulo Homes
Jay Dempsey
Managing Partner
Corbin Cross
Partner, Chief Financial Officer
PREMIER BUILD-TO-RENT PORTFOLIO
$690,387,061
Current Value of Red River Development’s Total Assets Under Management
2,233
Number of Homes managed by Red River Development’s Property Management Company: Trulo Homes
$210,095,184
Total Equity Capital Invested to Date in Red River Development’s Fully Capitalized Projects
Book a Call to Get Started
SUBJECT LOCATION
DEMOGRAPHIC SUMMARY
limited SPACE AVAILABLE
COMMUNITY AMENITIES
A growing demographic of individuals and families desire a shift from the shared walls of an apartment and the expenses of owning a home to something that boasts the best of both worlds. This niche in the market convinced the group of friends to combine their diverse set of skills and experiences to form Red River Development, a partnership spanning the river that binds Texas and Oklahoma.ghmhgmghmghmg
Red River Development delivers high-end, new construction rental home communities nationwide, providing opportunity and solutions in high-growth areas to renters and business partners alike
COMMUNITY AMENITIES
A growing demographic of individuals and families desire a shift from the shared walls of an apartment and the expenses of owning a home to something that boasts the best of both worlds. This niche in the market convinced the group of friends to combine their diverse set of skills and experiences to form Red River Development, a partnership spanning the river that binds Texas and Oklahoma.
Red River Development delivers high-end, new construction rental home communities nationwide, providing opportunity and solutions in high-growth areas to renters and business partners alike
Contact us
Dallas Office
5710 Lyndon B Johnson Freeway, Suite 200
Dallas, TX 75230
Tulsa Office
201 S. Denver Avenue,
Suite 254 Tulsa, OK 74103
Press and Media Inquiries
Lauren Snedden
Chief Marketing Officer
General Inquiries
Passive Investors
If not connected to a fund-of-fund manager, Red River Development may consider working with select, accredited investors seeking opportunities to diversify their investment portfolios.
Fund Managers
Red River Development has relationships with many fund managers who help their clients access Red River investment opportunities. If you are a fund manager, please set up a time to learn more about our streamlined process and marketing support.
Institution/Family Office/RIA
Red River Development is a seasoned fiduciary partner to large investors. Please set up a time to discuss how we can help support your investment objectives.
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contact us
5710 Lyndon B Johnson Freeway, Suite 200
Dallas, TX 75230
201 S. Denver Avenue,
Suite 254
Tulsa, OK 74103
The Market Leader in Build-to-Rent Development
Navigation
contact us
5710 Lyndon B Johnson Freeway, Suite 200
Dallas, TX 75230
201 S. Denver Avenue,
Suite 254
Tulsa, OK 74103
