Rise Hillcrest

Investment Highlights

The 224 unit property was built in 1984 and is currently branded Saddletree Apartments, which will be completely rebranded to “Rise Hillcrest”

It is a B+ class asset located in a B+ submarket of Dallas, Texas. The property is located in the premium East Dallas submarket.

The asset is 13 miles away from Southern Methodist University (2,800+ employees) and 12 miles away from the Baylor University Hospital (2,000+ employees). It is also only 13 miles away from Texas Instruments Corporate Headquarters (10,000+ employees).

Dallas Market Growth

Rent growth in Dallas-Fort Worth ranks among the top markets in the western US.

Population growth in Dallas-Fort Worth was ranked the #1 metro in the US for population growth from 2021-2022 (US Census Bureau). Job growth in Dallas-Fort Worth ranked #2 for job growth in the US in 2022 (US Bureau of Labor Statistics).

With limited new supply and continued population growth, demand and property valuations are expected to stay robust