Suburban Fort Worth Apartment Community Sold by IPA
BURLESON, Texas, June 1, 2017 – Institutional Property Advisors (IPA) is pleased to announce the sale of Dolce Living Burleson, a 240-unit luxury multifamily community in Burleson, Texas.
“The property’s healthy current and historical occupancy, and its location within one of the Metroplex’s strongest submarkets place it in position to provide new ownership with excellent future rent growth potential, long-term stability and value appreciation,” says Will Balthrope, executive director.
Balthrope, Drew Kile, senior director, and Joey Tumminello, associate, represented the seller, and procured the buyer.
“Dolce Living is a top-of-the-market asset with all of the amenities of a luxury resort,” comments Kile.
Built in 2013 on 6.5 acres, the community is located five miles west of Interstate 35W in Burleson, which is 15 minutes south of Fort Worth. Nearby employers include Texas Health Huguley Hospital, Alcon Laboratories, Wagner-Smith Equipment Co., Stuart Industries, Airforce Airguns, Chicken E Food Service, AxoGen Inc. and LKQ Corp. Hill College and Texas Wesleyan University at Burleson are three miles from the property.
Apartments at Dolce Living Burleson average just under 1,000 square feet and feature open kitchens and built-in home office workstations.