ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

The NRP Group Breaks Ground on 340-Unit Mixed-Income Multifamily Community in Anna, Texas

New Class-A housing development delivers upscale amenities, contemporary design and a new public park to residents of the Dallas-Fort Worth metropolitan area

The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, today announced the financial close and groundbreaking of a 340-unit, mixed-income housing community in Anna, Texas. The development will provide high-quality housing for residents within a range of income levels, with 40% of units designated for individuals and families earning 80% or less of the Area Median Income (AMI) and 10% of units reserved for those earning 60% AMI.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250421318773/en/

Photo Credit: The NRP Group

Photo Credit: The NRP Group

Located at 900 S. Buddy Hayes Blvd. at the southeast corner of U.S. Highway 75 and White Street, the community’s strategic placement offers convenient access to major employment hubs in McKinney, Sherman and the greater Dallas-Fort Worth metro area. Tailored to meet the needs of Anna’s growing population, the development features a mix of one- and two-bedroom residences designed to appeal to singles, couples and young professionals.

“This groundbreaking represents a major milestone in delivering a thoughtfully planned housing complex that blends high-quality residences with walkable access to grocery stores, restaurants and nearby parks — all just steps from the heart of Anna’s commercial center,” said Alena Savera, Vice President of Development at The NRP Group. “We’re proud to partner with the City of Anna in bringing our vision to life. This new development will create not only a warm, connected community, but also provide access to dynamic green spaces, modern amenities and convenient connections to retail and job markets along Highway 75.”

The project’s design draws inspiration from Anna’s modern City Hall, medical facilities and schools, incorporating neutral tones and sleek, contemporary architecture. The development will feature one four-story building that includes the clubhouse and primary amenities, along with 10 three-story residential buildings that provide garage and carport options across the 15-acre site.

“As Anna continues to experience rapid growth, ensuring that we have diverse and attainable housing options is critical to sustaining our economic momentum,” said Bernie Parker, Director of Economic Development at the City of Anna. ��This development will help meet the increasing demand for housing, providing new opportunities for residents while strengthening our local economy. By expanding housing availability near key employment hubs, we’re ensuring that Anna remains a competitive and thriving community for years to come.”

A signature element of the project is a 2.5-acre public park, which will provide a vibrant outdoor destination for both residents and the broader Anna community. With direct connectivity to the city’s extensive hike and bike trail system, the public park will offer two pickleball courts, an oversized dog park, a covered pavilion and dedicated parking for visitors.

Residents will also have access to an expansive suite of resort-style amenities, including a pool with lounge seating and grilling stations, an outdoor entertainment area with covered TVs and games and a 24-hour state-of-the-art fitness center equipped for both cardio and strength training. The clubhouse will house a clubroom, a library and podcasting studio, catering to professionals and creatives seeking flexible live-work spaces.

Completion is expected in early 2026.

The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed nearly 7,000 units across more than 30 properties in the region, and recently broke ground on new affordable housing developments Thrive on Crawford in Fort Worth and The Fielder in Mesquite.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing.

The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.