2 Locations

THE PORTFOLIO

• Two apartment communities in Old East Dallas — 1221 Abrams (12 units) and 4600 Gaston (8 units), totaling 20 units located within a half mile of one another.
• Unit mix: ten one-bedroom units averaging 642 SF and ten two-bedroom units averaging 894 SF, among the larger floor plans in their class and submarket.
• Interior finishes range from classic to refreshed and premium.
• Each unit includes in-unit washer/ dryers, individual water heaters, and individual HVAC systems.
• Going in cap rate exceeding 8% on a tax-adjusted basis.
• With Old East Dallas fundamentals trending positively, declining new deliveries and increasing absorption, these assets are well positioned for strong long-term performance under new ownership.

THE OPPORTUNITY

• Stabilized, cash-flowing assets with the ability to step into positive leverage from day one.
• Additional upside through pushing rents to market: across each unit mix, there's a noticeable delta between average in-place rent and the highest executed lease achieved in the last 12 months.
• The business plan should focus on bridging that loss-to-lease and achieving rents ownership has already proven attainable, through professional management, aggressive marketing, targeted upgrades, and capitalizing on Old East Dallas's improving absorption trends.
• Comparing the market rents by floor plan against the average in-place rents reflects a difference of approximately $82 per unit.

THE LOCATION

• Old East Dallas is a well-established residential submarket defined by historic neighborhoods alongside ongoing infill redevelopment.
• Proximity to major employment centers including Downtown, Uptown, Baylor University Medical Center, and Southern Methodist University.
• Strong connectivity via multiple DART stations and major thoroughfares supports renter demand and has encouraged transit-oriented development in areas like Mockingbird Station.
• Vibrant retail and dining corridors; Lower Greenville, Deep Ellum, and Henderson Avenue, all within three miles.
• Outdoor recreation at white Rock Lake and along the Santa Fe Trail, plus cultural attractions like the Dallas Arboretum, round out the submarket's live-work-play environment.

THE DEBT

• This portfolio is being offered free and clear of existing debt. Please contact Ralph Rader ([email protected]) to discuss the most efficient financing execution.