CHICAGO--(BUSINESS WIRE)--An affiliate of Walton Street Capital, L.L.C. (“Walton Street”) announced that it has acquired a 180-unit garden-style community located at 3736 Glencoe Street in the Lower Greenville pocket of Dallas, TX (“Gentry” or the “Property”).
Built in 2015, the property features a mix of studio, one-, and two-bedroom apartments that are currently 97% leased. Unit amenities include granite countertops, stainless-steel appliances, balconies and private yards on select units, and in-unit washers/dryers. Community amenities feature an outdoor kitchen and lounge, resort-style swimming pool, 24-hour fitness center, and conference room.
Gentry is located in the Lower Greenville and broader Highland Park region which features significant residential communities in the immediate area. Additionally, the Property is located adjacent to Southern Methodist University and features direct access to Glencoe Park, Katy Trail, and Mockingbird Station, one of Dallas’ popular live-work-play developments.
“The Gentry represented an attractive opportunity to acquire a well-leased, high-quality asset in an infill location within the M-Streets neighborhood in Dallas. We are excited to expand our multifamily portfolio in markets that continue to benefit from strong job growth,” said Robert Bloom, Managing Principal at Walton Street.
About Walton Street Capital, L.L.C.: Walton Street is a private equity real estate investment firm that, since its inception in 1994 through its affiliates, has raised over $14 billion of capital commitments from a broad cross-section of sophisticated institutional investors. Walton Street’s principals have collectively acquired, financed, managed, and sold over $50 billion of real estate and have an average of 20 years of real estate industry experience. Senior management has collectively invested and managed both real estate equity and debt through several real estate cycles over five separate decades and more than 40 years, forging long-term and deep relationships with lenders, public and private real estate owners, operators, brokers, managers, and industry service providers.