Ownership: Rare opportunity to acquire from original developers. Current ownership has owned and self-managed each asset for over 40 years.
Value-Add: Substantial operational enhancement opportunities with 96% classic units, below-market rents, and no utility reimbursements (ABP rent structure, except electricity). Additionally, new ownership can monetize by implementing a cable contract and reserved/covered parking options.
Condition: Well-maintained assets with minimal deferred maintenance and recent exterior capital infusion (new boiler, exterior signs, landscaping, and paint/siding).
Scale: Properties are adjacent and consist of 372 total units; Can be operated as one.
Location: Borders the prestigious Dallas Athletic Club, Lake Highlands neighborhood, and Garland.
