Description

Jones Lang LaSalle Americas, Inc. ("JLL") has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Declan (the "Property"), a 357-unit, garden-style community built in 1984/1985 in Dallas, Texas. Currently vacant, The Declan pairs an attractive basis with a blank canvas business plan, allowing new ownership to complete major capex, renovate units to its desired finish, and begin leasing like a lease-up property. Located in Far East Dallas, the Property's infill location is surrounded by strong demographics, including a 3-mile average household income of $110,081 and affluent neighborhoods such as Lakewood, Lower Greenville, White Rock, and Forest Hills. Residents benefit from proximity to the Lower Greenville and Knox-Henderson entertainment districts, the major employment centers of Downtown Dallas and Baylor University Medical Center, and outdoor amenities including White Rock Lake and the Dallas Arboretum. Combining an attractive basis with a vacant asset that can be positioned around a buyer's own strategy, The Declan offers investors a well located opportunity with a clear path to enhanced returns.

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