1100 SHEPHERD Sherman, TX 75092

The offering includes two separate land tracts intended for higher-density residential development within Shepherd’s Place, a 531-acre master planned community. One tract is identified as a 23.4-acre build-to-rent site, and the other is a 30-acre multifamily site. Ownership notes the build-to-rent site can also be developed as multifamily, and the 30-acre multifamily site could be subdivided into two 15-acre tracts. Both sites are zoned under the Shepherd’s Place planned development, supporting projects that fit within the community’s overall plan.

Shepherd’s Place is located at the southwest corner of US-75 and Shepherd Road in Sherman, Texas. The planned community is described as including, among other uses, 60 acres of retail, 20 acres of office, 941 single-family lots, 24 acres of townhomes, and 7 acres of hospitality, providing a mixed-use framework around the residential tracts.

For developers, the combination of two build-ready land options within a single planned development can support flexible residential strategies, including build-to-rent or multifamily designs. The stated ability to purchase the sites individually, along with the potential to subdivide one tract into two parcels, may be useful for operators evaluating phased development or tract-level packaging.