Value-Add Opportunity

• 320 units can receive the LivCor “R-LC” upgrade that includes quartz countertops in the kitchen and bath, new subway tile backsplash, upgraded lighting, and smart thermostats
• 38 units have black appliances
• Faux wood flooring can be added to 30 units

Opportunity to Increase Rents

• $176 discount to the competitive set
• $192 discount to Class “A” product in the submarket
• 13.5% rent growth in the submarket over the previous 12 months
• $101 average effective rent increase on most recent lease trade outs

Dominant Neighboring Employment Centers

• Positioned within the Platinum Corridor with over 25 million SF of office space and more than 104,000 employees
• Approximately 15 minutes from Legacy West and the greatest concentration of major corporate headquarters in the southern U.S.
• Just over 10 minutes from the $1.5 billion CityLine that is home to State Farm and Raytheon
• Other nearby employment centers include the Telecom Corridor, Las Colinas Urban Center, DFW Airport, and Cypress Waters

Distinguished Entertainment Hub

• Located just over one mile from the Whole Foods anchored Village on the Parkway
• 1.8 million SF Galleria Dallas is one of the largest tourist attractions in Dallas
• Other notable shopping and entertainment centers include Prestonwood Town Center, Addison Circle, and The Shops at Willow Bend
• One mile north of “Restaurant Row” that maintains one of the highest concentrations of restaurants and bars in the DFW metro

Strong Surrounding Demographics

• $116,000 average household income within a 1-mile radius
• $510,000 average value of within a 1-mile radius

Excellent Connectivity

• The Property sits just blocks west of the Dallas North Tollway
• Located just over three miles from I-635 and President George Bush Turnpike