Updated Oct 29, 2024
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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Deal FAQ
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