Property
Essence North Dallas & Allure North Dallas
Location
Dallas, TX
Size
712 Units
Status
Currently Marketing
Type
Sale

Essence North Dallas & Allure North Dallas

OFFERS DUE: Wednesday, October 27, 2021 By 5pm CDT

BlueGate Partners in conjunction with Newmark presents Essence and Allure (the “Properties”), well-positioned, garden-style, multifamily communities located in Collin County with the Dallas-Fort Worth MSA (“Dallas MSA”) approximately 18 miles north of the Dallas CBD. Built in 1995 and 1997,the Properties are situated along the President George Bush Turnpike and Dallas North Tollway corridor and boasts a desirable Plano Independent School District (“ISDS’) zoning.

Investment Highlights
• Outstanding North Dallas location at the northwest corner of Dallas North Tollway and George Bush Turnpike
• Exemplary Plano Independent School District
• Potential to Upgrade 425+ Remaining Units
• West Plano Submarket is 95.5% Occupied
• Both Assets Are 96.0%+ Leased and Occupied
• The Properties recent Unit Lease Trade-outs have Averaged 26.2% on New Leases and 13.6% on Renewals