A Proven Approach To Value Creation
Nicholas Residential is a privately-held real estate investment firm headquartered in Dallas, TX. Nicholas invests alongside institutional and private clients in value-add and opportunistic affordable apartment communities across the Southwest.
Bellevue Terrace is a 242-unit, individually metered class ‘B’ apartment complex constructed in 1986. Situated on 3.56 acres, the property is strategically located in Dallas, Texas at the junction of Interstate 20 and US Highway 67 only minutes from Downtown Dallas as well as Methodist Medical Hospital, an array of other medical offices, Home Depot, Target, and Sam’s Club. The property is currently 91% occupied in a submarket with 95%+ average occupancy.
Bellevue at Spring Creek*
Bellevue at Spring Creek is a 278-unit, individually metered class ‘B’ apartment complex constructed in 1983. Positioned on 18.037 acres, the property is located in Plano, Texas with high visibility along West Spring Creek Parkway and I-75 with traffic counts upwards of 33,000 cars per day and only minutes from Legacy Central, Granite Business Park and the Platinum Corridor, the largest employment centers outside the Dallas CBD. The property is currently 97% occupied in a submarket with 95%+ average occupancy.
Bellevue Heights is a 286-unit, individually metered class ‘B’ apartment complex constructed in 1983/2003. Situated on 13.42 acres, the property is strategically located in Mesquite, Texas at the intersection of Interstate 30 and Interstate 635 just minutes from downtown Dallas, providing a direct access to some of the largest employment and economic drivers in the Dallas area. The property is currently 95% occupied in a submarket with 95%+ average occupancy.
*Closing December 2017
The Reserve at Bellevue
The Park at Bellevue
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