3  Multifamily Redevelopment 1

Multifamily Renovation Investment

Dallas, TX / Multifamily

This multifamily renovation property is a stabilized Class B community is located in a rapidly growing submarket of North Dallas near Park Cities and US 75.  Partnering with a middle-market, value-add specialist, the team increased net operating income through interior, exterior, and common area amenity upgrades.  After executing the renovation and leasing strategy, the risk profile for the investment was reduced through a recapitalization, while it continued to provide cash flow until its eventual sale.