Featured Property: The District at Midtown
Featured Property: The District at Midtown
Check out The District at Midtown, a 217-unit, 1980's build, class B apartment community valued at $30M and closed in Q4 2022.
Located at the intersection of two major highways at the heart of North Dallas, this apartment community is within walking distance of the iconic Galleria Mall. The surrounding area was selected for a 4 billion dollar development project called the Dallas International District Development, which will completely transform the area, bringing a 20-acre park, 4 million square feet of office space, corporate headquarters, 2 luxury hotels, and boutique retail.
Now Funding: Tucson, Arizona 38-unit Apartment Community
This gem of a property is nestled in a KILLER neighborhood in the desirable submarket of Tucson, Arizona. The BEST PART? We are assuming the owners existing 3.45% fixed-rate loan and projecting a 2.47X equity multiple for this deal.
The property is in excellent condition, brand new roof, brand new paint, and has been well maintained. Recently updated, the business plan for this little beauty is operational efficiency. Which is great in a market cycle where construction costs and timelines are highly unpredictable and can wreak havoc on investor returns. We're partnering with experienced operators who have 17 years of experience and several full-cycle deals in the market. *This investment is for accredited investors only.