Portfolio

Bellmar Portfolio

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Net
Land Area Net ()
Rentable Area
Number of units 2186
Occupancy 95.0 %
Call for Offers

Portfolio description

Jones Lang LaSalle Americas. Inc. or its state licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in the Bellmar Portfolio (the “Portfolio” or “Properties”). Consisting of eight assets with an average vintage of 1977, the Portfolio totals 2,186 units in one of the most visible sites in the city. Positioned along US-75 with more than 200,000 cars passing daily, this ideal location places residents near some of Dallas’ top economic drivers including Texas Health Presbyterian Hospital, Medical City Dallas Hospital, the Telecom Corridor, and the LBJ Business District. This unique Portfolio represents a significant opportunity to obtain scale below replacement cost. At the property level, the Portfolio offers new investors well maintained assets by long term ownership with the ability to continue or expand on an interior renovation program.

Investment Highlights

Rare Ability to Obtain Critical Mass in Infill Dallas – The Bellmar Portfolio represents the opportunity to acquire eight Class B assets totaling 2,186 units. The Portfolio is positioned in a highly desirable location with access to the strongest economic drivers in Dallas. Additionally, investors will be able to achieve maximum operational efficiencies and immediate scale as all eight assets are all positioned adjacent to each other

Significant Value-Add Potential with Ability to Push Rents – Currently there are 1,312 “Classic”, “Partial”, and “Full Upgrade” units. By continuing or expanding on the interior renovation program that is in place, new ownership has the ability to achieve healthy rental premiums by upgrading the remaining 60% of the units to the “Quartz” upgrade. Furthermore, new ownership could upgrade the “Granite” units to the “Quartz” upgrade for maximum rent growth potential.


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Bellmar Portfolio (8 Properties)
Aberdeen at Bellmar
Dallas, TX, United States
Avondale Parc
Dallas, TX, United States
Everton at Bellmar
Dallas, TX, United States
Hadley at Bellmar
Dallas, TX, United States
Madison at Bellmar
Dallas, TX, United States
Riverfalls at Bellmar
Dallas, TX, United States
Seville at Bellmar
Dallas, TX, United States
Waterford at Bellmar
Dallas, TX, United States
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Last Updated Date: 19 Jul 2022

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