Lakeside At Northpark Apartment Homes
September 29, 2014
Class B Multifamily Acquisition
CONTI Organization’s Glen Lakes is a 424-unit infill transportation-oriented multifamily investment opportunity, with a unique lakeside location along Central Expressway in Dallas, Texas. Glen Lakes boasts easy access to everything along the Central Expressway corridor.
“Inside the loop” in the Central Expressway corridor – Neighboring THR Presbyterian Hospital Dallas and the new Preston Hollow Village – Near NorthPark Mall, Royal Oaks CountryClub, and Medical City – Easy Commute to many employment centers including Downtown, Uptown, Preston Hollow, Richardson Telecom Corridor, LBJ Freeway and Addison.
The desirable location and the dynamic local economy create a great rental growth environment for the community as there is additional value-add potential through interior and amenity upgrades and repositioning within the submarket. Robust Local Economy Continuing a 4 year pattern, the DFW metro has the top annual job growth in the nation as of July 2014 with 120,800 jobs added annually. The property’s central location places it in the midst of several Dallas/Fort Worth employment clusters and proximate to DFW’s primary economic drivers.