Great Investment Opportunity and Garland's Commitment to Harbor Point Development

March 12, 2025 — The City of Garland has made a substantial commitment to the development of the Harbor Point area, investing $30 million in enhancing local parks, improving roads, and expanding recreational opportunities. These upgrades include the creation of walking trails, increased access to the waterfront, and improvements to infrastructure, all designed to foster both commercial and residential growth. This investment will play a key role in transforming Harbor Point into a vibrant community hub, driving further development and making the area an attractive destination for both businesses and residents.

N&R's New 4-Acre Land Acquisition

N&R has further strengthened its position in the Harbor Point area with the purchase of an additional 4-acre parcel located at the intersection of Bass Pro Drive and Zion Road. This prime location presents significant potential for retail and commercial development, capitalizing on the area's growth and increasing visibility. The land’s strategic positioning near major traffic routes offers ample opportunities to meet the growing demand for retail and commercial space, making this acquisition a valuable addition to N&R’s portfolio.

Synergy Between Existing and New Land Investments

In addition to its new acquisition, N&R’s existing 4-acre land across the street from Lake Ray Hubbard works closely with the city to align its development plans with the broader vision for the area. The company has been collaborating with Garland to ensure that its project complements the city’s ongoing development efforts, which include parks, infrastructure improvements, and community enhancements.

The new 4-acre purchase will further strengthen N&R’s presence in Harbor Point, providing added flexibility and reinforcing its ability to contribute to the area’s growth. With both properties strategically located, N&R is well-positioned to take full advantage of the city’s continued investment and the growing demand.

N&R Capital Completes Three-and-a-Half-Year Journey to Fulfill Affordable Housing Pool

October 21, 2024 — N&R Capital is proud to announce the successful completion of its three-and-a-half-year effort to build a comprehensive investment pool of affordable housing properties. This milestone marks the achievement of a dedicated initiative aimed at expanding access to affordable housing in underserved communities while providing our investors with diverse and socially responsible investment opportunities.

The final addition to this effort is the General Partner (GP) interest in a portfolio of two 150-unit properties, both of which are 100% Low-Income Housing Tax Credit (LIHTC) properties and generate stable net cash flow. This brings our affordable housing investment pool to a total of 11 properties with over 1,900 affordable housing units spread across multiple regions.

The properties in this investment pool serve a wide range of demographics, including low-income households and seniors. Highlights of the investment pool include: 

  • Hacienda Del Sol (55 units, Dallas, Texas): Offering family-friendly housing with a focus on green community living and sustainable amenities.

  • Churchill Place (72 units, Houston Metro): Affordable housing for seniors, featuring a Zen Garden and just a 5-minute away from a beach and harbor view.

  • Prairie Commons (72 units, Dallas, Texas): Urban townhouses with affordable rents, designed for low-income families, with a few units available at market rent.

  • Willow Green (336 units, Houston, Texas): A multi-family apartment complex with 336 units and a high occupancy rate in the 90s, offering a 50% property tax exemption.

  • Stonebridge At Kelsey Park (150 units, Lubbock, Texas): A multi-family apartment built in 2014 in a convenient and quiet neighborhood, featuring strong and positive cash flow.

Over the past three and a half years, N&R Capital has remained steadfast in its commitment to developing this diverse investment pool, ensuring that we offer high-quality housing to underserved communities and strong, reliable investment options for our investors and partners. Our focus now turns to maintaining this investment pool and making strategic decisions about managing the properties to ensure consistent value for investors. This includes making timely and wise decisions regarding the acquisition and disposition of properties to maintain the optimal size and quality of the pool.

This significant achievement comes at a time when the affordable housing market is incredibly hot, with heightened demand and growing competition. N&R Capital is proud to have become a leader in the market, securing a robust investment pool while many are just beginning to take notice. We believe that our careful and thoughtful approach to affordable housing will continue to deliver solid returns for our investors.

For more information about our ongoing initiatives or future investment opportunities, visit our website or contact us directly.