Andora Portfolio

3302 Linda Dr & 3434, 3514 Nogales Dr, Dallas, TX 75220

INVESTMENT SUMMARY

Three adjacent properties were acquired in the strong Bachman Lake submarket of Dallas. This workforce housing community consists of 268 units and spans over 13 acres. The community sits off Web Chapel Rd and is conveniently located in the center of the city. Considering the lot size, this assets highest and best use may be for a new construction apartment complex in the next cycle.

PROPERTY DETAILS

• 268 units
• 219,767 sq ft
• 13 acre site
• Redevelopment Opportunity

INVESTMENT DETAILS

• EMG negotiated the purchase with three different owners and three different closings all off market
• Substantial rental upside
• One of the strongest rental submarkets in Dallas
• Development potential
• Historical strong occupancy of over 95%