Multifamily | Dallas, TX

Arbors of Las Colinas

Garden-style property in rapidly growing submarket of the Dallas-Fort Worth (DFW) metropolitan area.

Arbors of Las Colinas

Investment Details

Property TypeMultifamily
Location(s)
Dallas, TX
Units408

Transaction Details

Acquired2020
Purchase Price$64 million
Ownership %90%

Investment Details

Property TypeMultifamily
Location(s)
Dallas, TX
Units408

Transaction Details

Acquired2020
Purchase Price$64 million
Ownership %90%

Asset Highlights

Amenities

Tenant amenities include two resort-style swimming pools, poolside clubhouse and cabanas, pet park and fitness center.

High-quality portfolio

Potential upside for over 80% of units as a result of value-add renovation projects (approximately 20% of units are currently renovated).

Units

The property features 408 luxuriously appointed one-, two- and three-bedroom apartments across several buildings.

Location Highlights

Rent growth
DFW is the fourth-largest and fastest-growing metro in the U.S. by population
Near Boston Logan Airport
Proximity to DFW Airport, both cities’ downtown areas
Low cost
Low cost of living and pro-business environment
Local Attractions
Near several museums, arts centers, hiking trails and historical landmarks