Southwinds

9873 & 9877 Brockbank Dr, Dallas, TX 75220

INVESTMENT SUMMARY

Southwinds is a 93-unit Workforce Housing community located in the Bachman Lake submarket in North-West Dallas. This value-add asset was repositioned immediately after acquisition. This submarket continues to realize strong rental growth outperforming almost all submarkets within the metroplex. Bachman Lake provides affordable housing while being centrally located to several large employment centers in the urban core of Dallas.

PROPERTY DETAILS

• 93 Units
• 95,563 sq ft
• Approximately 6 acre lot

INVESTMENT DETAILS

• Purchased at 60% of Replacement Cost
• Lowest price per foot sales comp in 2018 within that submarket
• Asset Reposition complete Q1 2019
• Current Rental Income Increased by 17%
• Building Operates at a 7.82% CAP based on Purchase Price + Rehab Cost
• One of the strongest rental submarkets within all Dallas-Fort Worth