RailRoad Lofts - Tranch 2

Inside the Cleburne Opportunity: A Ground-Up Multifamily Project with Durable Returns

WEBINAR: Wednesday June 4, 2025

8:00 PM EST

RailRoad Lofts is a 351-unit, ground-up multifamily development located in Cleburne, Texas — a fast-growing submarket just south of Fort Worth. Strategically positioned near key employers, walkable amenities, and regional transit links, this Class A project is designed to meet increasing demand for modern, amenitized rental housing in the region.

RailRoad Lofts - Tranch 2

RailRoad Lofts is a 351-unit, ground-up multifamily development located in Cleburne, Texas — a fast-growing submarket just south of Fort Worth. Strategically positioned near key employers, walkable amenities, and regional transit links, this Class A project is designed to meet increasing demand for modern, amenitized rental housing in the region.

  • 📍 Location: Cleburne, TX – an emerging corridor in the Dallas–Fort Worth Metroplex

  • 🏢 Asset: 351-unit Class A multifamily (new construction)

  • 💰 Projected Returns: 21% IRR, 8.21% CoC, 1.63X Equity Multiple

  • 🛡️ Risk Management: HUD-insured debt, strong reserves, and multiple exit strategies

  • 📅 Hold Period: 4 years, designed with optionality and market flexibility

RailRoad Lofts - Tranch 2

Inside the Cleburne Opportunity: A Ground-Up Multifamily Project with Durable Returns

Fixed, Long-Term HUD Financing

Locked-in rates. No refi risk. Backed by HUD.

351 Units in a Booming Texas Market

New construction in a high-demand DFW submarket.

Targeting Strong, Passive Returns

Hands-off investor structure.

CARY CLARKE

CEO of Founders Development Company

Founders Development Company is led by Cary Clarke, a veteran of the real estate industry with more than four decades of experience across development, construction, brokerage, and property management.

Cary began his career in multifamily operations, where he gained hands-on experience in leasing, financials, market analysis, and the day-to-day management of large apartment communities. He quickly rose into leadership roles, overseeing construction and ultimately directing ground-up development projects throughout Texas.

Over the years, Cary has led a wide range of successful ventures — from residential neighborhoods and luxury homes to commercial developments and land acquisitions. His deep operational knowledge and steady, long-term perspective bring confidence and clarity to every project.

Widely respected for his professionalism and integrity, Cary has held leadership roles in multiple industry organizations. He is a former President of the Greater Ft. Worth Builders Association and a past board member of the Texas Association of Builders. He is currently active in the North Texas Commercial Association of Realtors and Real Estate Professionals.

At Founders Development Company, Cary has built a trusted team of professionals who share his disciplined, investor-first approach — bringing decades of experience to every phase of the development process.

FAQs

What kind of returns can I expect from this investment?

Returns vary based on the property’s performance and market conditions, but multifamily investments generally offer two types of returns: cash flow from rental income (paid monthly or quarterly) and appreciation from the eventual sale of the property. Typical returns include a preferred return on cash flow plus additional profit upon sale.

Are there any fees associated with this investment?

Fees can include acquisition fees, asset management fees, and disposition fees, among others. Each deal’s fee structure will vary, so reviewing the offering documents will give you a full breakdown of fees involved in managing the property.

How is rental income distributed to investors?

Distributions from rental income are typically paid out monthly or quarterly. These payments come from the net operating income generated by the property after covering expenses, such as maintenance, property management, and debt service.

What is the minimum investment amount for this deal?

Minimum investments typically start at $50,000, although this varies by deal. The minimum is set to enable efficient capital deployment and maintain a balanced ownership structure.

Inside the Cleburne Opportunity: A Ground-Up Multifamily Project with Durable Returns

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