
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
351 Units in a Booming Texas Market
Targeting Strong, Passive Returns
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.

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.
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.
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.
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.

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