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Tower Village Apartments

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Investment Overview

268-Unit Multifamily Opportunity in Irving, Texas

A value-add investment located in a high-demand workforce housing market, positioned to unlock hidden value through strategic improvements.

Property Highlights

Location: Irving, Texas (Las Colinas submarket)

Units: 268

Year Built: 1970

Average Unit Size: 920 SF

Total Square Footage: 242,784 SF

Lot Size: 18 Acres

Buildings: 34

Parking Spaces: 514

Investment Highlights

High-growth DFW submarket

Strong in-place cash flow from Day 1

Purchased at a discounted price (~$101K per unit)

Significant upside through rent increases and operational improvements

Conservative underwriting with additional buffers

Projected Returns

95% Total Return (5-Year Hold)

~6%+ Average Annual Cash Flow

~19% Average Annual Return (AAR)

Investor Split: 75% / 25%

Before

Renovation Plan

Total Budget: ~$4.6M

Improvements include:

Exterior upgrades (paint, roofs, landscaping)

Interior unit renovations (100 units)

Plumbing, HVAC, electrical upgrades

Community enhancements (pool, fitness center, dog park)

New amenities & operational improvements

Location Advantage (Las Colinas)

Median household income: $77K+ (3-mile radius)

Population: 479,000+ nearby

Close to University of Dallas

Home to 10 Fortune 500 companies

Limited new construction supply

Proven Track Record

$350M+ Assets Under Management

4,000+ Units Managed

2x+ Equity Multiple on past deals

After

Why Tower Village Stands Out

Tower Village Apartments is a 268-unit multifamily investment opportunity located in Irving, Texas, within the highly sought-after Las Colinas submarket. Acquired at an attractive basis of approximately $101K per unit, the property offers significant upside through strategic renovations, operational improvements, and revenue optimization. Situated on 18 acres with oversized floorplans and strong existing occupancy, Tower Village presents a rare opportunity to acquire stabilized workforce housing in one of the strongest Dallas–Fort Worth markets.

Backed by an experienced sponsorship team with over $350M in assets under management and 4,000+ units managed, the business plan focuses on creating long-term value through interior and exterior upgrades, expense reductions, and rent growth. The investment is projected to deliver strong investor returns, including approximately 95% projected 5-year gains, 6%+ average annual cash flow, and 19% average annual returns, while benefiting from the long-term growth and demand of the Las Colinas area.

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