Eleven600

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest for Eleven600 (the “Property”), a 216-unit asset located in Dallas, Texas. The Property sits directly north of I-635 providing accessibility to numerous employment and entertainment destinations in the area including Medical City Dallas Hospital, Texas Instruments, Dallas College Richland Campus, and much more. Eleven600 provides potential buyers the opportunity to expand upon the in-place interior renovation program to further push rental rates, as the rental rates have increased by ~6% since May. Additionally, ownership has spent ~$4.7 million in capital expenditures, allowing new ownership the ability to focus on the interior value-add plan to generate significant NOI growth. The Property is also positioned within Richardson ISD and Lake Highlands High School, which is ranked in the top 10% as one of the best school districts in Texas.