FUND PORTFOLIO ASSETS
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Apartments | 410-units | Dallas, TX
Asset Highlights
Location | In the Richardson school district in north Dallas, Texas, ranked as one of the top school districts in the state.
Recent Upgrades | Previous owner replaced roofs and repainted the property and enhance the clubhouse.
Rent Growth Potential | Neighboring property is achieving about $200/unit/month in additional rent on renovated units.
Strategy Highlights
Across the street from the Hillcrest Village Redevelopment, a major redevelopment of a shopping mall. Learn More >
5 year business plan to renovate, increase NOI, stabilize and sell
Budgeting ~$5,000/unit in renovations
Updates will be made to business center, fitness room, car ports will be added
New on-site hands-on management team will improve efficiencies and lower expenses