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Multifamily

Arioso

Grand Prairie, TX

288 Units

Built in 2007

Value Add

Investment Highlights

  • 288 Value-Add Units, Consisting of 236 Apartments and 52 Two- and Three-Bedroom Townhomes, Which All Feature Direct Access Two-Car Garages
  • Opportunity Exists to Achieve Potential Premiums for Different Upgrade Levels; Townhomes Are Highly Occupied and on a Waitlist Currently
  • Center of DFW Metroplex in Grand Prairie with Highly Visible Location at Intersection of Interstate 20 and State Highway 360
  • Near Major DFW Employers: DFW Airport, American Airlines, DR Horton, Lockheed Martin, General Motors, Bell Helicopter-Textron
  • RealPage Projecting 4%+ Rent Growth Through 2025; Chunk Rents at the Property Have Grown Over 6% Since 2020

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