Westmount at The Colonnade: a strong Class “A”, garden-style apartment community in Dallas
iCrowdNewswire -
Sep 25, 2015 9:12 AM ET
Westmount at The Colonnade
About this Property
Westmount Realty Equities is pleased to present the opportunity to acquire a strong Class “A”, garden-style apartment community in Dallas known as Westmount at The Colonnade for a total acquisition cost of $18.1M.
Key Points
The Colonnade is a 192-unit community located in Grand Prairie, Texas, uniquely positioned equidistant from downtown Dallas and downtown Fort Worth, less than 20 miles from each.
Constructed in 2001, the property consists of six spacious floor plans with an average unit size of 999 square feet.
Employers in the area include Lockheed Martin Missiles and Fire Control, DFW International Airport, General Motors, Bell Helicopter-Textron, Inc., Poly-America, Inc, and Texas General Hospital
The large number of employment opportunities in the area, along with the proximity to major arterial roadways helps to ensure a steady stream of qualified prospective tenants to the property.
Ability to unlock hidden value through strategic management and leasing to increase occupancy.