FMSbonds, Inc.’s investment banking team brought approximately $39 million in special assessment bond financings to market for Estates at Eagle Mountain Lake, an approximately 836-acre master-planned mixed-use development in Tarrant County, Texas.
The financings include $30,854,000 for the Bonds Ranch Public Improvement District Improvement Area #1 Project and $8,128,000 for the Bonds Ranch Public Improvement District Major Improvement Area Project.
From Jan. 1 through Aug. 28, 2026, FMSbonds, Inc. has priced, closed or is currently marketing 52 Texas Special Assessment bond issues representing more than $653 million in bond par. Since January 2019, the firm has marketed and underwritten 391 Texas special assessment deals representing over $4.2 billion in Texas bonds, approximately 95% in market share.*
Jan. 1, 2026 – Aug. 28, 2026
Number of Texas PID Underwritings*
- FMSbonds – 52
- All Other Firms – 3
Jan. 1, 2019 – Aug. 28, 2026
Number of Texas PID Underwritings*
- FMSbonds – 391
- All Other Firms – 20
Estates at Eagle Mountain Lake
At buildout, Estates at Eagle Mountain Lake is expected to include approximately 1,126 single-family residential lots, 37 acres of commercial development and a school.
Improvement Area #1 consists of 192 acres and is planned for 300 single-family residential lots. The Major Improvement Area covers 605 acres and is planned for 826 single-family residential lots, as well as the school site.
Initial grading in Improvement Area #1 began earlier this year. Construction of the utility and portions of the Improvement Area #1 improvements, and construction of the Major Improvements, is scheduled to begin in the third quarter of 2026. Completion of the Improvement Area #1 and Major Improvements is anticipated in the third quarter of 2027.
Centurion is the developer.
For more information, call Tripp Davenport at 214-418-1588 or email tdavenport@fmsbonds.com
* Based on data from the Texas Municipal Advisory Council through Aug. 28, 2026, with market-share calculations performed by FMSbonds, Inc. Market share is calculated by number of qualifying Texas PID bond issues, with each issue credited entirely to its senior manager. Excludes PID bonds supported by ad valorem taxes and out-of-state conduit issuers, including Wisconsin PFAs, that were not reviewed or approved by the Texas Attorney General. Percentages may not total 100% due to rounding.
This article contains forward-looking statements regarding the project’s anticipated development, including projected lot/unit counts, home counts, construction timing, and planned amenities, which are based on the developer’s current plans and are subject to change. Actual results may differ materially due to construction delays, market conditions, financing, permitting, or other factors. This article is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities. Any such offer is made only by the official statement, which should be reviewed in full before making any investment decision. FMSbonds, Inc. undertakes no obligation to update these statements.