Updated Oct 8, 2026
Laura Hines-Pierce & Jeffrey C. Hines Acquire Bishop Arts Portfolio In Dallas For $170.5M
200 North Bishop Avenue & 275 North Bishop Avenue
$170,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 7, 2026
About this deal
AI
The Bishop Arts Portfolio, located at 200 North Bishop Avenue, 515 West 10th Street, 305 Melba Street, 211 West 10th Street, 308, 275 North Bishop Avenue, 404, 332, 336, 337 Melba Street, and 403 T 321 West 9th Street in Dallas, TX, encompasses a total of nine properties. The portfolio includes 539 apartments and roughly 49,000 square feet of retail space spread across nearly seven acres, highlighting its dual asset type of multifamily and retail.
Summary of transaction details:
- Property Type: Multifamily & Retail
- Transaction Amount: $170,500,000
- Buyer: Laura Hines-Pierce & Jeffrey C. Hines
- Agency: Hines
- Portfolio Leased Residentially: 95%
- Portfolio Leased Retail: 98%
- Tenants: Restaurants, boutiques, and local businesses
- Location: Bishop Arts District
The transaction was represented by Laura Hines-Pierce and Jeffrey C. Hines, who are affiliated with Hines. This acquisition reflects a strategic move to enhance their portfolio in the vibrant Bishop Arts District, known for its walkable environment and diverse tenant mix.
On the Map
$170,500,000
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93