Case Study

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The Chelsea on Southern

Over $600,000 in additional annual rental revenue generated in two years

Investment Strategy

  • Purchased 228-unit property located in Galleria area of North Dallas.
  • Well-located near the Dallas North Tollway, within a few miles of millions of square feet of Class A office space, including major employers such as Amazon, Atmos Energy, Fannie Mae, Merrill Lynch, MetLife, Occidental and SoftLayer (IBM).
  • Within 5 minutes of Dallas Galleria shopping center, Restaurant Row (the highest concentration of restaurants and bars in the DFW metro, with over 150 different entertainment venues) and the planned 430-acre, TIF-supported Dallas Midtown mixed-use redevelopment of Valley View Center.
  • Value-add investment strategy aimed to increase rents at acquisition by approximately 20%, by focusing on four key areas.