Alcove Oaks - 2023

Jones Lang LaSalle Americas, Inc. (“JLL”) or its state licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Alcove Oaks (the “Property”), a 270-unit asset in Arlington, Texas. The Property enjoys excellent connectivity between Fort Worth and Dallas via Highway 183 and I-30 which offers residents convenient commute times to all areas of the metroplex including the DFW Airport, Texas Health Arlington Memorial, the American Airlines Headquarters, and the Great Southwest Industrial Park. The Property offers investors a significant value-add opportunity as the asset was built in 1980 and has 198 units left to renovate. The opportunity exists to expand on the current renovation program to help bridge the $165 gap between the Property and competitive set resulting in an additional $392,040 annually of rental revenue.