For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Colliers and powered by RealINSIGHT Marketplace, the Greenhouse Portfolio is a 103-unit, four-property multifamily offering in the Old East Dallas submarket, priced well below replacement cost. The four assets sit near one another along Gaston Avenue, allowing a buyer to execute a single renovation and stabilization program across the portfolio; nearby renovated communities are already achieving rents above $1,550 per unit with targeted interior upgrades. The portfolio last traded above $160,000 per unit in 2022, underscoring upside on a repositioned exit. No new communities are slated to deliver within a two-mile radius over the next 36-plus months, limiting concessionary pressure and preserving runway for rent growth. Households within a quarter-mile average $127,050 in annual income and $632,800 in home value, and residents are minutes from the 1,200-bed Baylor University Medical Center (5,000+ jobs), the new Texas Stock Exchange, Southern Methodist University, and Fortune 500 headquarters in Downtown Dallas. With DFW the fastest-growing major market in the country since 2020, the Greenhouse Portfolio pairs a below-replacement basis with near-term rent upside in an established infill location.
Due Diligence
Location
The Greenhouse Portfolio sits along Gaston Avenue and Junius Street in Old East Dallas, directly east of Downtown Dallas. The four properties are less than 10 minutes from Baylor University Medical Center and its 5,000+ jobs, the Dallas CBD, and the Texas Stock Exchange’s future headquarters, drawing renter demand from healthcare and professional workers.
Transaction Managers
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
