City North Apartment Homes
September 24, 2015Play investment video
Class A Multifamily (Acquisition)
Built by Trammell Crow Residential in 2009, City North is an institutional quality 3-story development with a low-density design of 40 units per acre—purchased below replacement cost with value-add opportunities via improved management, unit upgrades, pool area upgrades, new signage package and other exterior improvements.
Located five minutes northeast of the property, the Telecom Corridor is the second largest employment center in DFW with over 600 high-tech companies. The North Dallas Tollway Office Corridor, approximately 7 minutes away, and tabbed as the “Platinum Corridor,” consists of ~23 million square feet of Class A and B mid and high-rise office space. Less than 5 minutes west of the property (just east of the Dallas Galleria) is the proposed Dallas Midtown project.