Institutional-Quality, Low-Density Value-Add Asset: 304 units situated at the southern border of DFW Airport on approximately 18.8 acres in the centrally located Mid-Cities submarket of Dallas-Fort Worth
Best-in-Class 1980s-Vintage Product: Competes with 1990s and newer communities operated by major institutional owners, providing institutional validation of the property’s location, physical product and resident appeal
Attractive Loan Assumption Creates a Pricing Advantage: Existing Fannie Mae financing at a 2.88% interest rate with full term IO and a February 2031 maturity
Proximity to Major Employment Centers: Convenient access to DFW International Airport, Las Colinas, Bell Helicopter, Texas Health HEB Hospital, Carter BloodCare, the Dallas CBD and the Fort Worth CBD, with regional mobility provided by State Highways 121, 183, 360 and 114
Strong and Growing Surrounding Demographics: Immediate submarket (three-mile radius) boasts nearly 90,000 residents, with median household income of $82,852 and projected population growth of 5.3 percent through 2030
