Villa Del Rio

1302 N Shiloh Rd, Garland, TX 75042

INVESTMENT SUMMARY

Villa Del Rio was acquired as a large class C apartment community surrounded by new class A developments. EMG purchased the asset because of its excellent location and its reposition potential. EMG has successfully added ten one-bedroom units to the complex increasing annual cashflow by $120,000.

PROPERTY DETAILS

• 162 units
• 131,000 sq ft
• Redevelopment Opportunity

INVESTMENT DETAILS

• EMG negotiated this purchase off-market directly with ownership
• Villa Del Rio had been under the same ownership for over 15 years
• Adjacent to a 30+ acre $150 million residential development site
• Exceptional location with the potential to significantly increasing rents
• This asset was acquired at an 11% discount from fair market value