DALLAS, TEXAS—Onu Ventures, Inc., a Dallas, Texas-based real estate development firm, is wrapping up an incredible first year of operations. With various projects under development across Texas, Onu Ventures is solidifying its presence in the competitive Texas real estate market with a solid business core business plan and sound fundamentals.
Onu Ventures is pleased to report that as of its first anniversary (December 15, 2022), the company has:
- More than $140 million in assets under development totaling 2.4 million square feet
- 4 projects under development in the Dallas-Fort Worth & East Texas
- 9 single-family homes under construction in Dallas-Fort Worth & East Texas
- More than 300 multifamily units and 160 single family & townhomes under development
- More than 10,000 square feet of retail space under development
- Completed more than 15 transactions totaling $7 million
“We are fortunate that we have been able to build incredible relationships in the communities we choose to build developments in,” says Onu Ventures, Inc. President and CEO Mikial Onu. “We have strong ties with local community leaders and city governments, allowing us to form connections that will help our partners and our company reach our mutual goals.”
Currently, Onu Ventures has numerous projects in development, including: a 12-acre mixed-use project in South Dallas near Bonnie View Road; an 8-unit duplex project near Fair Park in Southeast Dallas; a 100 unit project with 8 acres of green space in the Best Southwest area; and a 48-unit co-living project in East Texas.
“We will continue on our mission to develop innovative projects that will spur growth in the underserved areas of Dallas, Houston, and beyond,” adds Onu. “Plus, we also plan to implement additional services that will help us expand our reach, add more value to our communities, and diversify our company.”
Onu Ventures is one of the fastest growing real estate development firms in Texas. The company’s rapid growth can be attributed to strategic flexibility, strong relationships, and smart decision-making.
“The Onu Ventures team is one of the hardest working groups of real estate professionals anyone will find in Texas,” says Onu. “Their commitment to our company’s ‘I Am Third’ philosophy has allowed us to stay true to our values, which is ultimately the foundation of our success thus far.”
Onu Ventures plans to offer more investment opportunities across multiple asset classes in 2023. This will include mixed-use developments, multi-family developments, and single-family homes. The company’s primary markets will remain the Dallas-Fort Worth and Greater Houston areas.
For more information Onu Ventures, follow Onu Ventures on Instagram and LinkedIn. Visit our website at www.onuventuresinc.com.
About Onu Ventures:
Onu Ventures is a real estate development corporation engaged in the acquisition, development, and disposition of all traditional types of real estate in the Sun Belt region. From raw land to master planned communities, we approach all projects with an open mind; we consider the future economic impact of the market and submarket. Developments include low to mid-density apartments, single-family home communities, townhome communities, mixed-use, and retail. We aim to capitalize on the immediate submarket’s opportunities for future growth. We make the vision a reality through careful due diligence, strategic partnerships, and competitive financing structures.