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Investment Sales Advisors:
DALLAS
5960 Berkshire Lane, Suite 1000
Dallas, TX 75225
214.346.0200
Caleb Jones
Senior Director 201.952.1785 caleb.jones@berkadia.com
License # 649976
Eric Calub
Senior Director 972.567.3560 eric.calub@berkadia.com
License # 479154
Paul Harris
Senior Managing Director
972.764.8490
paul.harris@berkadia.com License # 300179
Thad Wetterau
Senior Director 972.754.5420 thad.wetterau@berkadia.com
License # 403280
Greg Smith
Senior Managing Director 817.313.7081 greg.smith@berkadia.com License # 539242
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
6301 MEADOWVISTA DRIVE | CORPUS CHRISTI, TX 78414
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LOCATION
3500 Renzel Blvd, Fort Worth, TX 76116
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278
UNITS
1984
BUILT
799 SF
AVG UNIT SIZE
Investment Highlights
Visit Doc Center
Contact Us
BACK TO TOP
Investment Sales Advisors:
DALLAS
5960 Berkshire Lane, Suite 1000
Dallas, TX 75225
214.346.0200
Caleb Jones
Senior Director 201.952.1785 caleb.jones@berkadia.com
License # 649976
Eric Calub
Senior Director 972.567.3560 eric.calub@berkadia.com
License # 479154
Paul Harris
Senior Managing Director
972.764.8490
paul.harris@berkadia.com License # 300179
Thad Wetterau
Senior Director 972.754.5420 thad.wetterau@berkadia.com
License # 403280
Greg Smith
Senior Managing Director 817.313.7081 greg.smith@berkadia.com License # 539242
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
6301 MEADOWVISTA DRIVE | CORPUS CHRISTI, TX 78414
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Well-Maintained Asset: The asset has limited deferred maintenance and benefits from stable, consistent operations. Recent notable upgrades include a new HVAC unit for 100% of units, new exterior painting, and restriping of parking lot. Ownership is in the process of completing a new Fitness Center, and Dog Park.
Proven Upgrade Program: Current ownership spent capital upgrading 172 units in 2019 and charging premiums ($127/unit) for those units. Ownership left 106 units (40%) for prior upgrades (SS appliances, vinyl plank flooring, white cabinetry, resurfaced countertops). The market supports a "next level" interior renovation program as well.
Immediate Revenue Generators: New ownership can increase revenue by adding fees for carports, charging a premium for first-floor backyards, offering a valet trash service, and implementing bulk wi-fi and internet cable services.
Establish a Beachhead: Whether a new owner has a large or small presence in DFW, 278 units is a perfect size to efficiently scale operations. Establishing a strong on-site team should keep this asset consistently above 90%+ occupancy.
Great Access to Major DFW Thoroughfares: Wind Rush is situated just east of 820 and south of Camp Bowie Blvd. I-20 & I-30, which connect Fort Worth & Dallas, are within a 10-minute drive of the asset. The property has phenomenal access to the metroplex, and the location generates strong walk-in leasing traffic. The lease trade-out report shows an effective 3%+ increase on new leases and renewals.
Perfect Live-Work-Play Lifestyle: This vibrant area benefits from a diverse economic landscape, with major employers such as American Airlines, Lockheed Martin, Texas Health Resources, and Cook Children’s Health Care System fueling its expansion. The city boasts a variety of shopping destinations, from upscale boutiques to eclectic local shops, alongside a lively entertainment scene featuring theaters, music venues, and renowned museums.