Investment Highlights
- 150-Unit, Lewisville Value-Add Asset: Built in 1985 and located 20 minutes north of Dallas in a top-performing DFW submarket near major thoroughfares and key employers including Amazon
- Well-Maintained, High Quality Asset: Featuring desirable floor plans (800 avg. SF) and 22 townhome units with $2.1M in recent capital infusion
- Strong & Consistent Operational Performance: Extremely low levels of vacancy, collection loss / delinquency, and concessions — currently & historically
- Premier Connectivity & Nearby Demand Drivers: Less than one mile to I-35E & SH 121 with 20-minute access to Downtown Dallas and DFW Airport; within 10 miles of Grandscape, Legacy West, and Hall Park
- Significant Upside Opportunity: Ability to continue and expand the existing interior upgrade program achieving significant rent premiums — 30 classic units remaining, stainless steel appliance upgrades (all units), potential private yards for 25 ground-floor units, and ability to monetize in-unit washer/dryer sets
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