Profit Road Companions Multifamily Belief Acquires 390-Unit Olympus on Broadway Flats in Downtown Carrollton, Texas

Benefit Street Partners Multifamily Trust Acquires 390-Unit Olympus on Broadway Apartments in Downtown Carrollton, Texas

CARROLTON, TX – Benefit Street Partners Multifamily Trust, a perpetual, continuously-offered, multi-family REIT, announced the acquisition of Olympus on Broadway, a 390-unit Class A apartment building in Carrollton, Texas.

Olympus on Broadway, now renamed LYV Broadway, is a newly constructed, transit-oriented apartment complex in the heart of historic downtown Carrollton, Texas and consists of studios and one and two bedroom units. The state-of-the-art property offers the latest in luxury with quartz countertops, stainless steel appliances, a dynamic two-story fitness center, a resort-style pool, and multiple lounge and courtyard areas for relaxing, entertaining, or working.

The property also offers 6,048 square feet of living space, allowing residents to connect with the neighborhood and the larger Carrollton community. The property's location is within walking distance of vibrant neighborhood restaurants and entertainment, as well as the Downtown Carrollton DART station.

"The Olympus on Broadway transaction represents exactly what BSPMT is seeking for acquisitions: a class A asset in an established, growing metropolitan area in Dallas and in one of the leading submarkets with strong rental growth," said Mike Comparato, Head of Real Estate at Street partners benefit.

Source: Use Street Partners Multifamily Trust


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