Vertical Road Ventures and Companions Full Acquisition of 252-Unit Backyard Park Condominium Group in Arlington, Texas

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Vertical Street Ventures and Partners Complete Acquisition of 252-Unit Garden Park Apartment Community in Arlington, Texas

ARLINGTON, TX – Leading commercial real estate companies Vertical Street Ventures, Invest in Multifamily and Limitless Estates announce the joint acquisition of Garden Park Apartments in Arlington, Texas, a 252-unit apartment complex. The teams are led by Steven Louie, Jenny Gou and Ronnie Gou from Vertical Street Ventures, Jon Winick from Invest in Multifamily, Kyle Mitchell from Limitless Estates and partners Gil Ficke and Kathy Jang.

“We are excited to add Garden Park to our current portfolio and to expand further into the Dallas Fort Worth Market. Texas continues to be a strong market for population and employment growth, ”said Steven Louie, managing partner of Vertical Street Ventures. "We pride ourselves on providing residential solutions to new residents in high-demand areas such as Arlington. We look forward to improving and improving the Garden Park community and continuing to serve residents."

Garden Park is an institutional quality apartment complex of 252 units built in 1968 and partially renovated in 2020. This is a prime location in Arlington, considered the entertainment capital of Texas. It is 3 miles from AT&T Stadium, home of the Dallas Cowboys, Globe Life Field, home of the Texas Rangers, and the Arlington Convention Center.

Garden Park amenities include a pool, brand new playground, reserved parking, large outdoor patios, central BBQ area, fireplaces in select units, and an outdoor yoga area.

This is the fourth asset in multiple Texas markets to be added to the joint portfolio. Together, this team owns and operates more than 1,000 apartment buildings valued at over $ 130 million in Texas and Arizona. You are uniquely positioned to lead the optimization and growth of this property.

Source: Vertical street ventures

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