Sherman Residential Declares Acquisition of 299-Unit Axis Kessler Park Residence Neighborhood Positioned in West Dallas, Texas

Sherman Residential Announces Acquisition of 299-Unit Axis Kessler Park Apartment Community Located in West Dallas, Texas

DALLAS, TX – Sherman Residential announced the acquisition of Axis Kessler Park Apartments, a 2017-built Class A + apartment building in West Dallas, Texas.

The property was formerly Lincoln Kessler Park and is located on the west side of Dallas, one of the leading employment centers in the country. Dallas Fort-Worth is a consistently high priority in metropolitan job creation and has an unemployment rate well below the national average.

With Kessler Park just ten minutes from the city's central business and medical districts, residents have access to top employers including the Federal Reserve Bank of Dallas, AT&T, Deloitte, and Morgan Stanley. In addition, the Oak Cliff / West Dallas neighborhood offers a vibrant mix of new restaurants and shops, culture and connection to the urban core of the city.

The sparse property offers 299 larger than average units and unique benefits in the Kessler Park market including: National Green Building Standard Silver certification; One to three bedroom direct access homes; Data protection facilities such as individual garages or assigned carports, gates with controlled access, personal terraces / balconies and courtyards as well as free virtual fitness memberships; Extensive community amenities, including a state-of-the-art 24-hour fitness center, putting green, on-site retail store, clubhouse and business center, resort-style pool, and an enclosed animal park. and views of the downtown Dallas skyline and Stevens Park Golf Course.

On January 5, 2021, Sherman Residential acquired the property and took over management. Scott Gould, Sherman's senior vice president, said:

The acquisition of Lincoln Kessler Park Apartments continues our company's long-term commitment to investing in the Dallas-Fort Worth metropolitan area.

Source: Sherman Residential


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