Greens at Hickory Trail Rental restrictions for Greens at Hickory Trail will phase out during the next two years.

DALLAS—Many income and rent-restricted properties completed in the early 2000s are now eligible to have rent restrictions removed, allowing owners to implement a systematic upgrade program and reap financial benefits from investing in the upgrades. The pricing for these properties is much lower than market counterparts.

The Greens of Hickory Trail is an example of that trend. This 250-unit multifamily community is located at 8613 Old Hickory Trail about 20 minutes outside of downtown Dallas. Built in 2000, rental restrictions for Greens at Hickory Trail will phase out during the next two years, offering a recent buyer a tremendous upside potential as none of the units have been upgraded since construction was completed.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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