Villas at Katy Trail (Sold)
Moran and Company is pleased to announce that it has been selected as the exclusive listing agent for the sale of Villas at Katy Trail, a 252 unit mid-rise apartment community located in the heart of Uptown Dallas.
Investment Highlights
Long-Term Uptown Location: Villas at Katy Trail is one mile north of the Dallas CBD in Uptown, the city’s premier residential neighborhood and area of numerous restaurants, parks, and entertainment venues.
Niche Community with Strong Operations in Central Dallas Submarket: Villas at Katy Trail is located in an area of AA and AAA properties. The property’s submarket, which includes the Uptown & Downtown, consistently demonstrates strong performance posting the strongest absorption rates in the DFW area.
Immediate Access to Employment Centers: The property is surrounded by Uptown employers and is minutes away from Downtown Dallas, which employs over 126,000.
Parkland Hospital Redevelopment: The $1.2 billion redevelopment of Parkland Hospital, 1.5 miles west of the property, was approved by voters in November 2008, which will generate massive proximate employment.
Mid-Rise Construction: Villas at Katy Trail is a three and four-story, mid-rise community with a structured parking garage and four open courtyards.
Immediate Access to Excellent Transportation Infrastructure: Four major highway systems are readily available to residents of Villas at Katy Trail and the community offers private access to the Katy Trail, a pedestrian hike and bike trail that traverses the entire Uptown area.
