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
- Number of Units/Homes
- 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
![Arbors of Las Colinas](/sites/default/files/styles/property_gallery_image/public/2021-09/arbors_1.jpg?itok=3WW73Mj0)
![Arbors of Las Colinas](/sites/default/files/styles/property_gallery_image/public/2021-09/AoLC%20Photo%202-RezdUp_0.jpg?itok=mjLrHW9A)
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
![Arbors of Las Colinas](https://www.brookfieldreit.com/sites/default/files/styles/property_map/public/2021-10/BREIT-Property-Map-Arbors.jpg?itok=v87OSEFP)
![Arbors of Las Colinas](https://www.brookfieldreit.com/sites/default/files/styles/property_map/public/2021-10/BREIT-Property-Map-Arbors.jpg?itok=v87OSEFP)