Property
Highlights

Investment
Highlights

• Favorable Supply & Demand Metrics

  There is only one property currently under construction within three miles of Ascent at Midtown, creating many favorable outcomes for new ownership including:

  • Less competition
  • Tightened occupancy
  • Stronger rent growth
  • Reduced concession pressure

• Proximity to Employment & Entertainment Venues

  The Vickery Meadow submarket is located just 15 minutes from Downtown Dallas and is surrounded by notable demand drivers, including NorthPark Center—one of Dallas’ largest tourist destinations—The Shops at Park Lane, Texas Health Presbyterian Hospital, and prominent residential neighborhoods such as Lake Highlands and the Park Cities. This close-in, highly connected location significantly broadens the renter pool for Ascent at Midtown and supports strong tenant retention over the long term.

  Opportunity for Increased Revenue via Other Income Additions
  New ownership can enhance other income by adding and implementing carports, fees for carports, offering valet trash, and implementing a bulk cable/internet package for tenants.

• Opportunity for Increased Revenue via Other Income Additions

  New ownership can enhance other income by adding and implementing carports, fees for carports, offering valet trash, and implementing a bulk cable/internet package for tenants.

• Favorable Rent Vs. Own Dynamics

  Renting is significantly more affordable than homeownership in this pocket of Dallas. Within a 3-mile radius of Ascent at Midtown, the median home value is $591,000 (Costar), which translates to an average monthly mortgage payment (including principal and interest, taxes, and insurance) of approximately $3,500. In contrast, the average rent at Ascent at Midtown is just $936 per month. This substantial disparity between the cost to rent versus own underscores both the considerable runway for future rent growth and the expectation of consistently strong renter demand.

  In addition, purchasing a home typically requires a substantial down payment and ongoing mortgage expenses, while renting generally involves a much smaller upfront commitment—usually just a security deposit and the first month’s rent. This lower initial outlay allows renters to allocate more of their capital toward other financial priorities, such as savings, investments, or lifestyle needs.

• Interior & Exterior Capex

  Ownership has invested substantial capital into the property during its hold period. Significant funds have been allocated to unit renovations and exterior repainting, among other improvements.

• Strong Nearby Demographics

  The property is located near emerging and affluent neighborhoods and benefits from a strong three-mile median household income of over $70,000, supporting the attraction and retention of quality, rent-paying tenants.

• Investment Opportunity

  Offered free and clear of existing debt.