Transactions


The Dean, Arlington
The Dean is a rebranded multifamily investment originally built in 1963 with an A+ location less than one mile from The University of Texas at Arlington with an enrollment of over 42,000 students. The property is currently 98% leased with rents approximately 25% below-market and without any unit upgrades.

Existing Features & Amenities
• Flooring
• Walking distance to UTA
• Extra-large floor plans
• Dishwasher/stove/refrigerator
• Central heat/air conditioning
• Ceiling fans
• Garbage disposal
• Cable TV available
• 2 on-site laundry facilities
• Swimming pool
• Ample parking
• Quiet neighborhood

Property renovations include a total upgrade to 55 of the 65 units, with the 10 units remaining a “classic” finish. Lease rates will be brought into alignment with market.

Capital improvements incorporate
• interior finishes such as stainless appliances, complete interior repaint and reflooring, countertop upgrade and
• exterior renovations including new metal railing, upgrades to the pool furniture, grills an significant additions and improvements to the landscaping and trees.