$3M Funds Sports Village USA

FRISCO, TX-Realty Capital Partners (RCP) of Colleyville, TX closed a $2.6 million equity investment with Sports Village Holdings (SVH), which recently completed a 33-acre amateur sports village at Frisco Street and All Star Way in this Dallas suburb. The two companies hope to develop similar facilities in other communities across the US.

The approximately $100 million Frisco project is anchored by Fieldhouse USA, an 11-acre, 144,000 square foot, state-of-the-art athletic facility with 12 full-sized, indoor basketball and volleyball courts; an indoor turf field for soccer, lacrosse, flag and arena football; and 13,200 square feet of retail space. “This is the first project of its kind in Frisco, which is a great market,” says RCP investment manager Jared Gossett. “The only existing competition is the Plano Sports Authority, which is about 15 miles to the south. We regard our facility as superior in both its technology and the programs we run through it.”

According to Gossett, RCP sees community sports facilities as a very good investment for tough economic times. “Even in a recession, it’s hard for parents to cut out their children’s athletics,” he says. And cities like Frisco, he adds, make the ideal location. “Frisco has more children of preschool age than it has in the entire school system,” he notes. “There’s a huge pipeline of children that will coming through the system. It’s a great driver of demand for this facility.”