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It was built in an area that was originally supposed to have a 563-acre (228 ha) office park. That office park, which had been developed for about $70 million, [4] was not built due to the 1980s oil bust. Michael Baldwin of Sueba stated that originally, the buyers of houses in Parkway Village were retirees. [6]
A real estate investment trust (REIT, pronounced "reet" [1]) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, studios, warehouses , hospitals , shopping centers , hotels and commercial forests . [ 2 ]
The community, on 315 acres (127 ha) of land between Texas State Highway 6 and Eldridge Parkway and south of Briar Forest Drive, [4] is in proximity to the southwest corner of Briar Forest Drive and Eldridge Parkway. It is south of and across from Parkway Villages, another subdivision developed by Sueba USA. [5]
HomeVestors of America, Inc. is an American privately owned, real estate investing franchisor. It is independently owned and operated franchisees buy homes in need of repair and homes that owners need to sell more quickly than usually can be done through a realtor. Franchisees usually renovate and sell or rent the homes. [1]
The five largest REITs in the United States are: American Tower Corporation, Prologis, Crown Castle International, Simon Property Group and Weyerhaeuser. [1] The following is a list of notable publicly-traded real estate investment trusts based in the United States. It does not include non-listed (private) REITs.