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1900 Hi Line Drive Dallas, ...

Updated Oct 29, 2024

Bridgeview Acquires The Dunhill Multifamily In Dallas Design District
SOLDMultiFamily

Bridgeview Acquires The Dunhill Multifamily In Dallas Design District

1900 Hi Line Drive Dallas, Texas 75207, USA

Units

214

Asset Type

MultiFamily

Closing

Aug 16, 2023

About this deal

AI

The Dunhill, a 214-unit apartment complex located at 1900 Hi Line Drive in the Dallas Design District, has been acquired by Bridgeview. The property is set to be rebranded as The Adelphi and will undergo a value-add program. The apartment complex offers studio, one-bedroom, and two-bedroom units, along with amenities such as a pool and fitness center.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: N/A
  • Units: 214
  • Address: 1900 Hi Line Drive
  • Market: Dallas

Bridgeview has successfully acquired The Dunhill, now named The Adelphi, in the Dallas Design District. The company plans to implement a value-add program to enhance the property's offerings. The deal includes 214 units, ranging from studios to one- and two-bedroom apartments. Residents will also have access to various amenities, including a pool and fitness center.

Players

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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