Crowdfunding is still new and pretty rare in Texas, but the returns from one early adopter may make you take notice.

The DoubleTree by Hilton DFW Airport is already netting 17.5% returns for its investors. Acquire Real Estate co-founder/president Josh Klimkiewicz (left, with co-founder/CTO Gerry Polucci) tells us more than 15 individual investors participated in the project, which Acquire launched a year ago. The investment has now matured, yielding a year one return rate of 17.5%...and on track to return 20% to 24% over the life of the investment.

Josh tells us Acquire fully vets its assets and invests in them itself before asking other investors to follow suit. He says pre-funding the deals helps make crowdfunders more confident Acquire did its due diligence.

The 282-room, eight-story hotel was purchased by Washington, DC-based The Buccini Pollin Group in December 2014 for $23.3M—a deal which included a property improvement plan that brought the final tally to $27.8M. Acquire was brought in as a limited partner and investor.

While Acquire doesn’t have a say over revenue growth or the management and operations of the hotel, Josh says cosmetic upgrades to meeting areas, guest rooms, etc., are sure to continue to attract greater foot traffic. It helps, of course, that data for the Dallas market shows hotel revenue is on the rise.

This deal is Acquire's only in DFW so far, but the team tells us that could change overnight; the firm's always looking in strong-performing markets for new investment opportunities, and Dallas is definitely one of them.