DALLAS, TX – Nicholas SunTx RE Partners II continues to expand in partnership with Hughes Capital Partners with the acquisition of Bellevue at The Bluffs in Dallas, Texas. Nicholas Residential's subsidiary, Bellevue Living, will oversee the day-to-day operations of the community.
Bellevue at The Bluffs, formerly Aura Bluffview, was built in 2019 and has 473 residential units. The property has studio, one-, two- and three-room apartments as well as multi-storey townhouses with 74 unique floor plan types.
Bellevue at The Bluffs is located in central Dallas, surrounded by Inwood, Park Cities, Preston Hollow and Dallas Love Field. The community has two sparkling swimming pools, a state-of-the-art fitness center, a business center with a separate conference room, a zen oasis, and a stunning sky lounge with sweeping views of downtown Dallas and the Bachman Creek Greenbelt.
"Our investment in Bellevue at The Bluffs enables Nicholas SunTx RE Partners II and Bellevue Living to position ourselves as leaders in the multi-family space in Texas," said Paul Panza, general partner and president of Bellevue Living. "This acquisition promotes our investment strategy in order to offer living space accessible to the largest metropolitan areas in the entire sun belt."
In addition to Nicholas SunTx RE Partners II's acquisition of Bellevue in The Bluffs, the company has also closed Bellevue in Avondale, Decatur, GA, and continued its growth strategy into major US markets.
"With the acquisition of Bellevue in The Bluffs and Bellevue in Avondale, Nicholas SunTx RE Partners II is not only acquiring market leading properties, but also the teams that make these communities the absolute best," added General Partner Ned Fleming.