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Charlie Coleman Of Homebound Acquires Development Site In Dallas, Prosper, Flower Mound & Mansfield For $731M

Property Image
SOLD
$731,000,000

Texas

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Development Site
Sold 03/02/2026
the dealplayerscompscontact
Property Image
SOLD

Charlie Coleman Of Homebound Acquires Development Site In Dallas, Prosper, Flower Mound & Mansfield For $731M

Development Site
Sold 03/02/2026
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Sale

The transaction involves a development site located in multiple markets, specifically Dallas, Prosper, Flower Mound, and Mansfield. The asset has been acquired for a substantial amount of $731,000,000. Homebound, the buyer, has secured over 1,000 lots within these areas, signaling a noteworthy expansion in North Texas, particularly through its project, The Villas at Lakeside in Flower Mound.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $731,000,000
  • Buyer: Charlie Coleman
  • Company: Homebound
  • Markets: Dallas, Prosper, Flower Mound & Mansfield
  • Note: Homebound plans to develop additional projects in Dallas, Prosper, and Mansfield, and aims to expand into Houston this year.

Charlie Coleman represents Homebound as they embark on this significant acquisition, with a vision of utilizing a technology-driven platform to accelerate the home construction process, thereby reducing costs compared to traditional building methods.

Players

CC
Charlie Coleman
1 deal$731M volume
BUYER

Details

SOLD
IMAGE: 03/02/2026 ADDRESS: Portfolio MARKET: Dallas, Prosper, Flower Mound & Mansfield ASSET TYPE: Development Site BUYER: Charlie Coleman - Homebound SALE PRICE: $731,000,000 NOTE: Homebound acquired more than 1,000 lots across Dallas, Prosper, Flower Mound and Mansfield valued at roughly $731 million, marking a major North Texas expansion anchored by its first Texas community, The Villas at Lakeside in Flower Mound.The builder plans additional projects in Dallas, Prosper and Mansfield and expects to expand into Houston this year, touting a tech-driven platform that delivers homes faster and at lower cost than traditional builders.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$38,986,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,597,088.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,465,312.94
Annual Debt Service$41,583,755.27