Nicholas Residential acquires multifamily community in Mesquite

December 14, 2017

DALLAS (December 14, 2017) – Paul Panza, President and CEO of Nicholas Residential LLC, is pleased to announce the acquisition of Landmark Laurel Heights, a 286-unit multifamily community strategically located between Interstate 30 and Interstate 635, minutes from downtown Dallas.

Nicholas Residential plans to create value for both prospective and current residents by implementing the firm’s interior enhancement program, reinforced by the addition of covered parking and private patios. Further upside will be created with fresh updates to the properties best-in-class amenity package, which includes a resident clubhouse with coffee bar, three swimming pools, business center, dog park, fitness center, game room and detached garages.

“The acquisition of Laurel Heights represents the careful, deliberate execution of our acquisition strategy; identifying undervalued assets in desirable neighborhoods with strong employment growth and prospects for future development” said Mr. Panza.

As part of the firm’s re-branding strategy, the community will be re-named Bellevue Heights. The Bellevue brand is synonymous with the best-in-class quality and service that residents enjoy and Nicholas Residential is committed to delivering.

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