Lakeridge

2504-2510, 2530 & 2514 Community Dr, Dallas, TX 75220

INVESTMENT SUMMARY

Three adjacent properties were acquired in one of the strongest rental growth submarkets in Dallas. This perfect example of a workforce housing community has a historical occupancy rate of over 96%. The secured buildings consist of large floor plans with amenities making it a perfect place for family living. It is located one block from the Bachman Station DART Rail which is just 2 stops from Downtown.

PROPERTY DETAILS

• 148 units
• 112,826 sq ft
• Redevelopment Opportunity

INVESTMENT DETAILS

• EMG simultaneously negotiated this purchase with three different owners and three different closings
• Several of the buildings had not been available for sale in over 25 years
• 40% upside potential in gross rents
• Strong Bachman Lake location
• The Bachman Lake, Grocery Stores and Restaurants are all within a few blocks