Two-Phase, Class A: Built in 2016/2018, this unique property consists of conditioned corridors, two-story walk-up buildings, and three-story elevator-served buildings located in the heart of the Dallas/Fort Worth metroplex.
Significant Rent Upside: Phase II rents lease at a $125/month premium compared to Phase I rents, which gives the investor the opportunity to renovate Phase I interiors.
Prime Suburban Location: The asset is located in North Richland Hills, 10 miles from downtown Fort Worth and 20 miles from downtown Dallas, with the Dallas/Fort Worth International Airport directly east of the property.
High-Growth Submarket: Annual rent growth has averaged 4.3 percent with 95.3 percent average occupancy for the past two years.
Outstanding Amenities: The property offers top-of-the-market amenities, including a large pool area with outdoor cabana, yoga and aerobics room, billiards and poker room, elevators, and dog park.