Arbors of Las Colinas
Rental Housing | Dallas, TX
Garden-style property in rapidly growing submarket of the Dallas-Fort Worth (DFW) metropolitan area.
Investment Details
- Property Type
- Rental Housing
- Location(s)
-
Dallas, TX
- Units
- 408
Transaction Details
- Acquired
- 2020
- Purchase Price
- $64 million
- Ownership %
- 90%
Investment Details
- Property Type
- Rental Housing
- Location(s)
-
Dallas, TX
- Number of Units
- 408
Transaction Details
- Acquired
- 2020
- Purchase Price
- $64 million
- Ownership %
- 90%
Garden-style property in rapidly growing submarket of the Dallas-Fort Worth (DFW) metropolitan area.
Asset Highlights
Tenant amenities include two resort-style swimming pools, poolside clubhouse and cabanas, pet park and fitness center.
Potential upside for over 80% of units as a result of value-add renovation projects (approximately 20% of units are currently renovated).
The property features 408 luxuriously appointed one-, two- and three-bedroom apartments across several buildings.
Property Gallery
Location Highlights
DFW is the fourth-largest and fastest-growing metro in the U.S. by population
Proximity to DFW Airport, both cities’ downtown areas
Low cost of living and pro-business environment
Near several museums, arts centers, hiking trails and historical landmarks