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Multifamily

The Lookout at Lake Highlands

Dallas, TX

259 Units

Built in 2018

Core

Investment Highlights

  • Exceptional Rent Growth: The Northeast Dallas submarket has experienced 4.6 percent Class A rent growth in 4Q19 and is projected to see 4.7 percent overall with no future supply in the submarket
  • Demand Outpacing Supply: This submarket has seen 164.7 percent annual absorption with demand outpacing supply. There are currently zero properties under construction within a four-mile radius
  • Impressive Leasing Velocity: The Lookout has averaged 24 leases per month in the trailing six months proving strong demand for this superior product
  • Proximity to Exceptional Retail and Job Centers: Lake Highlands Town Center, The Village, Preston Hollow Village, First Baptist Medical Center, and Texas Health Presbyterian Hospital

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