U.S. Cities Multifamily acquired Stella apartments, Class A, 210 unit, mid-rise, property located in the uptown submarket of Dallas, Texas. There are strong long term market fundamentals with over 200,000 jobs within 2 miles from the property.
Stella is situated in the State Thomas district of the Uptown submarket, providing a walkable, lower density neighborhood environment with tree-lined streets, while still proximate to all of the employment and entertainment amenities of Uptown and Downtown Dallas.
The property benefits from convenient proximity to Baylor University Medical Center and the UT Southwestern Medical District. Baylor University Medical Center is the flagship hospital of Baylor Scott & White Health, Texas’ biggest nonprofit health care system. Area employers with more than 10,000 employees include American Airlines, Bank of America, HCA North Texas, JP Morgan Chase, Toyota, Lockheed Martin, and Naval Air Station.
Stella provides an opportunity to acquire an asset in a hard-to-replicate infill location within the fully built out State Thomas Historic District. Stella will provide its residents with walkable, lower density neighborhood environment while still proximate to all of the employment and entertainment amenities of Uptown and Downtown Dallas.