McCann Realty Partners Acquires 165-Unit Marquis on Cedar Springs Apartments in Dallas, Texas
DALLAS, TX - McCann Realty Partner and its joint venture partner , The Carlyle Group, acquired Marquis on Cedar Springs, a 165- unit apartment community located in Dallas, TX. The property will be re- branded Radius Turtle Creek .Built in 2001, the four-story, mid-rise property with a below-grade, two- level parking garage is located at 3604 Cedar Springs Road in Dallas, TX. The community is within the exclusive neighborhood of Turtle Creek, and is bound by Uptown and Downtown Dallas to the south and the high- end residential neighborhoods of Highland Park and University Park to the north.
Residents are within walking and biking distance to a wide variety of shopping, dining, entertainment and recreational destinations including Katy Trail , West Village, Klyde Warren and Reverchon Parks, the Arts District, the American Airlines Center and Victory Park.
The property presents a compelling value-add opportunity. McCann's business plan focuses on repositionin...