Buena Vista Apartments – Dallas
The 132 unit Buena Vista Apartments complex was purchased in 2016 as a value-add opportunity. At the time the purchase contract was signed, 16 of the 132 units were offline and the complex was in need of significant investment to the exterior and interiors of the rental units. Since the close of escrow in May of 2016, all down units have been brought online and most of the exterior issues have been addressed. A combination of selected interior renovations and bringing down units online has resulted in gross rent growth of almost 40% as of January 2017.