Loan Oak


Tzadik & Elevate are under contract to purchase Lone Oak (396 units) in Weatherford, TX. The property was newly constructed in 2020 with the last certificate of occupancy issued in December 2020. Lease-up activity is strong with physical occupancy of 92%. There were 27 leases recently signed in August 2021 for an average rate of $1.59 PSF and the total unit mix is currently renting for $1.39 PSF representing significant upside for future leases. In addition, we plan on implementing several value-add strategies to increase net operating income and the value of the property.

  • Class A

    Lone Oak is a newly constructed 2020 asset with an impressive amenities package. Residents are drawn by the multitude of conveniences.

  • Leasing Activty

    Year To Date leasing activity is very strong with 35 leases signed in July 2021 for an average rate of $1.56 PSFand 27 leases signed in August 2021 for an average rate of $1.59 PSF versus the current unit mix renting for $1.39 PSF.

  • Rent Growth

    Weatherford 4 Star Multifamily properties are forecasted to experience substantial rent growth throughout each quarter in 2022: Q1 –Q4: 17.2%, 15.9%, 7.6%, 6.9%.

  • Population Growth

    Weatherford has historically achieved double digit population growth (33% from 2000 –2010, 33% from 2010 –2020). Submarket population growth within 1 mile of the subject property is forecasted to grow 14%over the next five years.

  • No Income Tax

    The income tax rate for Texas is 0%while the US average is 4.6%


DISCLAMER: Although information has been obtained from sources deemed reliable, neither Owner nor Tzadik Management makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the information contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. Neither Owner nor Tzadik Management accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement.

Property Summary
1801 Lone Oak Rd, Weatherford, TX 76086
Purchase Price
Total Units
Property Type
Year Built
3 Year HolD
Equity Required
Equity Multiple
Average Cash on Cash
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