Constructed in 1966, Equinox Apartments, rebranded as Stratton Apartment Homes, is strategically located equidistant from both downtown Dallas and Fort Worth. Residents have access to major employers nearby including DFW Airport, American Airlines (headquarters), General Motors, Arlington ISD, and many others. The property’s value-add potential yields an exceptional opportunity for an investor to capitalize on one of the nation’s premier job and population growth markets.
Equinox Apartments represents Silverado’s sixth (6th) multifamily deal in the Mid-Cities area acquired the last two years. Given our experience in the submarket, we firmly believe that we can create significant value at purchase and through rent growth. In fact, we are under contract to acquire the property for approximately $112k per unit, compared to a market average of $136k per unit, and we expect all-in costs totaling $120k per unit (including $1.4 million in planned renovations).