Current Investor Opportunities

Cottages of Waco – 1
(Waco, Texas)

The Cottages of Waco is a Class-A, 146-unit senior-living townhome community planned for a 17.8-acre infill site in Waco, Texas. Scheduled for completion in February 2027, the project is designed to meet strong local demand with limited age-restricted housing supply—only 143 comparable units exist in the area (79 under construction, 64 planned).

Positioned near Interstate 35, Baylor University, top medical centers, and major retail/entertainment destinations, the community offers residents exceptional accessibility. Planned amenities include gated entry, fitness center, pickleball courts, community gardens, and attached garages, delivering a differentiated product relative to existing stock.

Market fundamentals are highly favorable, with submarket forecasts projecting 95%+ occupancy and steady rent growth through 2029. Benchmark rents in comparable senior communities average $3,178 per unit ($2.65/SF), while the Cottages of Waco is projected to achieve $3,300 per unit ($2.75/SF).

The sponsor, Thomas Group Development, has a proven track record in the active adult housing sector, with over 800 homes delivered and $250M in real estate value created. Their reputation for craftsmanship and market alignment has resulted in strong demand and resale values in past projects.

Key Investment Highlights:

• 146 units / 175,000 NRSF on 17.8 acres

• High-demand senior housing market with minimal new supply

• Projected rents: $3,300/unit ($2.75/SF)

• Strong forecasted occupancy: 95%+ (2027–2029)

• Prime location near Baylor University, I-35, hospitals, and shopping

• Experienced sponsor with proven execution in active adult developments