Carwin Advisors engaged to operate and manage Devonshire Master-Planned Community
August 10, 2010
Devonshire is a 1,000 acre master-planned community located in Forney, Texas, just twenty miles east of Dallas. Hunt Properties is the developer and builders include Highland Homes, Megatel Homes and
J Houston Homes. Devonshire is made-up of three Municipal Utility Districts (MUD’s), which means that they manage their own water, sewer and trash utilities, as it is located outside of specific city districts.
Hunt Properties needed a team of operators with single-family expertise to run the day-to-day builder operations, marketing programs, builder relationships, and oversee the MUD districts to ensure smooth and successful operations. They were able to tap the expertise of Carwin Advisors in all of these areas, while keeping Hunt’s overhead costs low.
The Carwin team was able to proactively reposition Devonshire in the quickly changing real estate market. Bret and team filled three builder positions, coordinated HOA management, provided architectural control oversight for homes built in the community and assisted in facilitating the first bond issuance for the MUD district and completed construction of the sewer infrastructure.
“Hunt Properties track record and strategic vision, combined with Carwin Advisors’ operational expertise have repositioned Devonshire to emerge as one of leading communities in the East Dallas submarket.” said a spokesperson for Carwin Advisors.
About Carwin Advisors:
Carwin Advisors, a Winchester Carlisle Company, is a national full-service real estate advisory firm specializing in solving complex problems and working with multiple stakeholders in the restructuring, turnaround, management and disposition of residential, commercial, and mixed-use real estate assets, portfolios, and companies. Headquartered in Dallas, Texas, Carwin Advisors operates throughout the U.S., with offices in Houston, Phoenix, Las Vegas, Charlotte, and Atlanta. For more information please visit carwinadvisors.com.