Silverado / Noel Companions Acquires 321-Unit Luxurious House Group Outdoors Dallas-Fort Value Metroplex for $45.5 Million

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Silverado / Noel Partners Acquires 321-Unit Luxury Apartment Community Outside Dallas-Fort Worth Metroplex for $45.5 Million

DALLAS, TX – Silverado / Noel Partners announced the acquisition of Station 3700, a luxury condominium community of 321 units in Euless, Texas, between Dallas and Fort Worth. Completed in 2000 and recently renovated in 2015, the property was purchased for a total cost of $ 45.5 million. Station 3700 consists of several three-story buildings that were built in a residential complex with high quality amenities and a convenient location.

Station 3700 offers six different floor plans with an impressive selection of one, two and three bedroom apartments. Residents can currently enjoy a lavish suite of amenities, such as large closets, soft carpets, and a private terrace or balcony. Certain homes also include garden hot tubs, built-in computer tables and bookcases, and moldings. Each apartment is designed to express personal style with fashionable details and customizable options that set the gold standard of modern apartment living.

The condominium also has two sparkling swimming pools, fitness and business centers, a clubhouse with a cyber café, and a covered outdoor terrace overlooking the community's lush, green grounds. Residents can take advantage of many other perks such as parcel receipt, short-term leasing, proximity to the TRE station and even a Spanish-speaking staff. With all of these features and services, Station 3700 works diligently to meet residents' needs with sophisticated luxury and contemporary style that go hand in hand.

"We are excited to expand our presence with the acquisition of Station 3700. This extremely attractive area in a premier marketplace gives our residents unparalleled access to key employers, retailers, nationally-ranked schools, major regional suburbs and of course the DFW metro Total area. We are very excited about the planned improvements for the community and the projected return on our investment, ”said Lenny Licht, Managing Partner of Silverado / Noel Partners.

The community is managed by Noel Management Company, which has become synonymous with smart acquisitions with strict criteria that ensure the success of their partners and customers. The community is being extensively renovated across the site. Although planned upgrades have not yet been officially released, the community intends to consider the outbuilding, individual apartment buildings and community-wide equipment areas.

Stephanie Allen, Vice President of Operations for Noel Management Company, said, “Station 3700 prides itself on its central location and seamless access to excellent schools, renowned restaurants and convenient shopping. As an animal-friendly community, we are also pleased about the planned installation of two dog parks to accommodate our residents' furry friends. Combined with an excellent location and desirable offerings, the spacious units, first-class amenities, and well thought-out features make the Station 3700 well-suited for today's home lifestyle. "

Euless is one of the medium-sized cities in the Dallas / Fort Worth metropolitan area and a suburb of Fort Worth, which is about 20 miles west of the city. Known as Tree City USA, the citizens of Euless pride themselves on calling their peaceful surroundings and many family-friendly neighborhoods their home. The Stonewood / Stonecreek neighborhood, where specifically Station 3700 is located, is a good example of the way of life in Euless, Texas. With an attractive location that offers residents the best of both worlds, Station 3700 has undoubtedly become a rising star on the DFW multi-family real estate horizon.

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