Quick Facts

The 16 most recent leases achieved average rent increases of approximately 4%, underscoring strong demand for renovated product and supporting continued rent-growth potential in Richardson, where vacancy is projected to remain below 7% over the next three years.

Current ownership has completed significant exterior, plumbing, leasing office, and interior unit upgrades, enhancing marketability while reducing the new owner’s near-term repair and capital expenditure needs. 

The Wexler offers strong day-one cash flow, durable in-place income, and near-term yield growth potential, providing a differentiated alternative to value-add opportunities requiring significant upfront capital. 

The property benefits from Richardson’s strong demographic profile, including median household income of approximately $106,983, well above the Dallas County average of $84,000, and projected household income growth of approximately 30% over the next five years.

The Wexler is a 14-minute drive from CityLine, a premier Richardson destination with more than 20,000 employees, 500 businesses, and a substantial mix of office, flex industrial, and retail space anchored by major employers including State Farm, RTX, Methodist Richardson Medical Center, Cisco, and Texas Instruments.  

Located near the intersection of Spring Valley Road and US-75, The Wexler provides residents with convenient access to key employment centers and destinations throughout the Dallas-Fort Worth Metroplex.