South Pointe is lender-owned following a completed foreclosure process, presenting investors with a differentiated opportunity to acquire a sizable Lake Highlands asset with a clear path to repositioning.

South Pointe is well positioned in Lake Highlands along Jupiter Road, which sees 17,676 vehicles per day, providing strong neighborhood visibility and convenient access for residents.

New ownership can implement a targeted renovation and operational program designed to elevate the resident experience, improve occupancy, and unlock meaningful rental-rate growth. Potential initiatives include expanding carports, implementing a bulk Wi-Fi program, creating extended patios or private-yard premiums where feasible, introducing keyless entry, and incorporating valet trash and other resident-convenience services.

Current rent-to-income is approximately 16%, below the DFW average of 18%, supported by a median household income of approximately $73,000 within a three-mile radius. The top stabilized comps are achieving average rents of $1,131, representing a $144 premium to South Pointe’s in-place rent of $987.

South Pointe offers efficient connectivity to Interstate 635 and the broader DFW Metroplex, while placing residents near major employment, retail, and lifestyle destinations – including Texas Instruments, Raytheon / RTX, Medical City Dallas, NorthPark Center, Town East Mall, White Rock Lake, the Dallas Arboretum, and The Village.

The offering provides an opportunity to acquire the asset at a basis well below stabilized market trends.

The business plan projects NOI after reserves to increase approximately $2.47 million in Year 3, reflecting the impact of occupancy recovery, revenue growth, and operational stabilization.