Oak Chase Apartments
Oak Chase Apartments is a 236 unit complex in Arlington, Texas (within the Dallas/Fort Worth Metroplex). Aldwin will invest nearly $600,000 in unit upgrades designed to increase rental income.
Asset Description
- Garden style community
- 19 buildings, 1984 construction, 236 apartments
- B level asset
- Tenant base consisting mainly of singles and families working in a variety of industries in and around Arlington
Geographic Selection Criteria
- Dallas/Fort Worth Metroplex
- Immediate highway access to 1.8 million jobs within a 30 minute drive
- Arlington (population 390,000) is the third largest city in the Metroplex (population 6.5 million) and 50th largest in the US
- The property is located on the Arlington –Fort Worth border. Fort Worth (population 790,000) is the second largest city in the Metroplex (population 6.5 million) and 16th largest in the US
- Less than a 10 minute highway ride to The Parks at Arlington Mall (180 stores & 1.5 million SF) and the upscale The Arlington Highlands outdoor shopping area (50 stores, 25 restaurants & a movie theater)
Transaction Highlights
- Oak Chase has maintained occupancy in the mid to high 90% range for the past decade
- Off-Market transaction
- Aldwin will invest approximately $600,000 in capital improvements
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