Plano Park Townhomes
Plano Park Townhomes is a 140 unit complex in Plano, Texas (a suburb of Dallas). This property will soon undergo a $650,000 renovation program which is expected to result in an improvement in rental income.
Asset Description
• Garden style community
• 20 buildings, 1984 construction, 140 apartments
• B+ level asset
• Tenant base consisting mainly of singles and families working in a variety of industries in the Dallas/Fort Worth Metroplex
Geographic Selection Criteria
• Dallas/Fort Worth Metroplex
• Easy access to the region's employment centers via interstate highway and rapid transit
• The largest suburban business concentration in the DFW metro area is in Plano
Transaction Highlights
• Aldwin will invest $650,000 in capital improvements
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