Asset Description

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• Garden style community
• 24 buildings, 1 club house/leasing office, fitness center, laundry center
• 1985 construction, 238 apartments
• B level asset
• Tenant base consisting mainly of singles and families working in a variety of industries in and around the Dallas Metroplex

Geographic Selection Criteria

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• Hurst/Euless/Bedford known as Mid Cities due to its suburban location directly between downtown Fort Worth and downtown Dallas
• Surrounded by several major thoroughfares including State Highway 360, State Highway 121, and State Highway 183
• These highways were recently improved by way of the $2 billion North Tarrant Express project, which reconstructed and added lanes to Interstate-35E, Loop 820, and State Highways 121 and 183.
• Situated in the Hurst-Euless-Bedford (HEB) Independent School District that is ranked as one of the top 30 school districts in the state
• Minutes away from DFW International Airport, the 4th busiest in country. DFW generates over 228,000 jobs. The airport is in the midst of a $2.3 billion renovation which is slated to be completed in 2018. The airport generates $37 billion in economic activity each year

Transaction Highlights

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• Aldwin will invest approximately $913,000 in capital improvements

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