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Marabella at Las Colinas

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1. LP Investment

Marabella at Las Colinas is an institutional quality, 415-unit property that was built in 1989. Marabella is located in Las Colinas - a centrally located, upscale submarket in the Dallas suburb of Irving, TX with close proximity to several major employment centers. The property is adjacent to TPC Four Seasons Resort and Club and just minutes from Las Colinas Urban Center, Verizon’s Corporate Campus, Toyota Music Factory, and McKesson’s brand new global headquarters which is being relocated from San Francisco. Las Colinas is a 12,000-acre master-planned business and residential community which attracts affluent renters to the area as the average household income in the immediate area is over $134,000. Additionally, the average home value in the immediate area is approximately $445,000, including homes valued over $2 million less than a mile away from the property. Marabella is an exceptionally well-maintained institutional asset, yet its interiors do not meet the demands of the affluent residents that Las Colinas attracts
Project Details

Acquisition: $61,750,00

Units: 415

Close Year: 2019

Known for being extremeley investor friendly, Texas is home to some of the best deals in the market. An asset of this size produces great economies of scale
For more information on how to partner with Longview, feel free to reach out to us at lva@longviewacquisitions.com

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