Wildcat Ranch is a master-planned development for 3,100 single-family homes in Crandall, TX.
CRANDALL, TX—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. Demographic studies prepared by the Texas State Data Center predict continued rapid land development and population growth for the Dallas area in general and for Kaufman County in particular during the coming decades.
To take on that growth, SOCFM Developer recently acquired a 903-acre property in Kaufman County from Dallas developer James Mabrey. The property named Wildcat Ranch is a master-planned development for 3,100 single-family homes from the $200,000s, including builders KB Homes, Beazer Homes and DR Horton Homes. The site is located on US 175 in the extra territorial jurisdiction of Crandall, located 25 minutes southeast of Dallas.
“The phenomenal growth in Kaufman County and the opportunity to provide a well-planned community to value-conscious homebuyers 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.”
Trez Capital provided project acquisition and development funding for the transaction. 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 downsize,” said Matt Mildren, partner at PMB Capital Investments. “It will be a great option for homebuyers who want a small-town community feel within 30 minutes of downtown.”
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. The property also has a newly constructed elementary school that will serve the community beginning in the 2019-20 school year.
“Homes are in-demand throughout Kaufman County and we are pleased to help bring an outstanding master-planned community to the area,” John Hutchinson, president of Trez Capital, tells GlobeSt.com.
Kaufman County is located near one of the US' top urban areas and has experienced rapid population growth, agricultural land conversion and urbanization during the past 10 years. The Census Bureau reported that the county was the eighth fastest-growing county in Texas (of those with more than 10,000 residents) in 2005, based on the population increase between 2000 and 2005.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
