Hanover Midtown Park

Hanover Midtown Park

View Offering Memorandum and Financials

Offering Summary:

  • Location: Dallas, TX
  • Year Built: 2018
  • Units: 422

Investment Highlights:

  • Northeast Dallas has averaged 4.6 percent Class A rent growth in 4Q19 and is projected to see up to 4.7 percent overall rent growth in 2020.
  • Demand is outpacing supply in Northeast Dallas; there are zero properties under construction nearby.
  • The property’s prime location positions residents within minutes of the city’s major entertainment and retail drivers – Preston Hollow Village, Lake Highlands Town Center, NorthPark Mall, and Shops at Park Lane.
  • The property is surrounded by the city’s most affluent and sought-after neighborhoods – average home values exceed $900k within a three-mile radius.
  • Hanover Midtown Park has averaged 22 leases per month in the trailing 12 months, proving strong demand for this superior product.​​​

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