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Situated at the intersection of Broadway Avenue and the TX-Loop 49 toll road, the Village at Cumberland Park is positioned in the middle of the East Texas trade area, surrounded by the growing Tyler market.
Bascom acquired Jefferson Stonebriar, a newly built 424-unit class-A multifamily community in Frisco from the developer, JPI, and the area has recorded record-setting population and economic expansion.
The expansion space is located a few blocks from the school's longtime home at 241 Water St. which has been reconfigured to serve the school's pre-primary program through third grade students.
The portfolio consists of 461 rooms and will be managed by RHG. With the acquisition of the portfolio, Real Hospitality Group increases its portfolio of owned and managed assets to 105 hotels in 16 states.
The communication process can lead to longer timelines and reduced outputs, ultimately driving real estate prices up and limiting global economic growth, but Openland recently launched a CRE messenger for this need.