AMR Westlake Storage Equity
AMR Westlake Storage Equity Project Summary
AMR Westlake Storage Equity, LLC (the “Company”) a Texas Limited Liability Company, was formed to operate as a closed-ended real estate fund. The Company will invest the proceeds from investor subscription commitments, purchased through this offering, into commercial and/or residential development properties throughout Texas, including but not limited to Texas (“TX”). AMR Capital, LLC (“AMR CAPITAL”), a Texas Limited Liability Company, will direct all investments for the Company and act as the managing member and management company through its managing members. The Company is offering a minimum of 66 and a maximum of 76 membership units for $25,000 per unit. The offering price per unit has been arbitrarily determined by the Company See “Risk Factors: Offering Price.”
Maximum Units Offered: 76
Minimum Units Offered: 66
Price Per Unit: $25,000
Minimum Investment: $25,000
|Investment Type:||Term:||Raise Amount:||Targeted ROI:|
| Preferred Equity
20/80 Waterfall Participation
Mooreland Development Company
Michael Beaty is President of Mooreland Development a multi‑discipline Land Development and Construction Company based in Dallas, TX.
Founded in 2002, Mooreland Development and its related entities have closed, entitled, and developed over $180 million in property and buildings in the DFW Metroplex. Highlights of this work include 928 single‑family lots developed on over 975 acres of land in combination with planning and entitlement of 3000+ units of multi‑family and 4m sq. ft. of vertically‑integrated, mixed‑use commercial and residential units. Vertical Construction Projects include 75 residences ranging from 800 sq. ft. starter homes that sold for $80,000 up to carefully‑crafted multi‑million dollar homes on acreage estates.
One of Mr. Beaty’s keys to success is the fostering of Public‑Private Partnerships with the governing Municipality for each project. These partnerships range from Developer’s Agreements that include Impact Fee Waivers and direct Public Infrastructure Reimbursements to an all‑encompassing Public‑Private Infrastructure Finance package that typically includes the creation of a PID, TIF, TIRZ and/or an MMD. These types of joint ventures represent how all large‑scale development projects will be constructed and financed moving forward. Through these Public‑Private Partnerships, Mr. Beaty’s projects have been able to benefit from the availability of over $100m in Public‑Private financing and reimbursements for public infrastructure including water, sanitary sewer, storm drainage, paving, public parking and public park improvements.
The underlying thesis of the previous 15 years for Mr. Beaty has been the identification, study, and analysis of the best‑of‑market, new development strategies that culminate in the current zoning documents being used in Westlake Entrada and CC Barisi. Mr. Beaty spent 18 months traveling the country researching vertically‑integrated, mixed‑use, master‑planned residential and commercial developments as preparation for new projects in the Dallas market. This knowledge base creates the legislative, zoning, and entitlement foundation upon which Mooreland can plan, and develop each new Village in Partnership with Blackard.
Prior to Mooreland Development, Mr. Beaty was given the unique opportunity of working with Jeffory Blackard as Partner and CIO for Blackard Developments. In 2000, upon completion of his residency and coursework for his PhD at Virginia Tech, Mr. Beaty joined the Blackard Team with the primary goal of leveraging information technology to the advantage of the Team and its Partners.
While at Virginia Tech, Michael Beaty’s PhD work was funded through a research grant from HUD. His Dissertation and research efforts involved an all‑inclusive historical research of residential development and construction means & methods while looking for ways to industrialize the process. Mr. Beaty also completed his MS and BS at Virginia Tech, with his Master’s work in Construction Management and his undergraduate work focused on Structural Engineering.
AMR Westlake Storage Equity Financial Summary
|Cash Purchase of Land||$550,000|
|Additional Cash as Equity for Construction Loan||$600,000|
|Civil / Planning / Architecture||$200,000|
|Lease up Reserves||$300,000|
|Tier 1 ( $0.00 - $0.00 )||15%|
- Wealthiest Community in Texas
- Until 2013, The developable land in Westlake has been controlled by Two Land Owners: Perot and Maguire Partners
- No Commercial Pads for sale, ever
- Residential Lots start in the $250’s , Homes are$1m+
- Dual-Service School zone. Your choice of Southlake-Carroll ISD or Westlake Academy.
- New Townhome/Condos in Southlake Town Center are selling for over $300psf, renting for over $3,000 per month.
- Granada Lots (1/2 acre single-family development next door) sold for $250k to $330k in a custom builder lot draw. Over sold by 7 lots in the lot draw.
- Next mini-storage is located in the next town over, Roanoke, 100% occupied plus a waiting list
- First mini-storage in Westlake