Theproperty at 2600 Arroyo Ave. will be renamed and marketed as theMaverick at Oak Lawn.
DALLAS—Dallas-based equity investor Realty Capital Partners LLCand apartment operator BKE Capital LLC have formed a joint ventureto purchase the 137-unit 1970s-vintage Oak Lawn Heights multifamilycommunity located at 2600 Arroyo Ave. The property has visibilityfrom the North Dallas Tollway at the Wycliff exit and offers one-and two-bedroom townhomes or single-story homes near some of thelargest employment generators in the metro.
The joint venture plans to spend several millions to renovatethe property with the strategy of bringing it up to date. It isanticipated that the heavy renovation will be completed within twoyears. The property will be renamed and marketed as the Maverick atOak Lawn.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. 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.
