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Leon Capital will preserve the main entrance facade and structure of the original building of the Dallas Independent School District headquarters and make it a fully functional aspect of the multifamily development.
As long as the region has the anticipated continued job growth, inbound population increases, low interest rates and a sound local and national economy, there is no reason for an immediate reverse cycle.
In a recent example, $20.5 million in financing was obtained for The Georgian, a 288-unit multifamily property, with a sponsor that was looking to secure a long-term loan at a competitive fixed rate.
Now that the Airport Freeway construction is complete, office buildings along that freeway are beginning to record increased occupancy levels, resulting in attractive investment opportunities in the area.
With nearly 20 million square feet delivered this year, this won't be an over-supply if 2015 is any indication; nearly 20 million square feet of new space arrived that year and almost all has been absorbed.
Young professionals seek apartments equipped with keyless entry, wireless thermostats and security cameras—all accessible from a handheld device and Digit 1919 apartment complex meets these needs.
The micro-unit concept of approximately 103 total units was chosen due to the growing demand of rentals aimed at young professionals who want to live in popular neighborhoods without paying steep rents.