DALLAS/DUNCANVILLE (November 20, 2017) – Paul Panza, President and CEO of Nicholas Residential LLC, is pleased to announce the acquisition of The Corners Apartment Homes, a 242-unit multifamily property strategically located between Interstate 20 and US Highway 67, minutes from downtown Dallas near RedBird.
Nicholas Residential plans to construct a community center and leasing office, in addition to implementing an interior enhancement program to create unprecedented value for both prospective and current residents. The property benefits from an ever-expanding medical employment base, anchored by Methodist Hospital, one of the top medical facilities in Texas.
“This deal represents the core strategies of our firm; to create value for our investors and improve neighborhoods through strong relationships, creative financing and consistent execution” said Mr. Panza.
As a part of the firm’s re-branding strategy, the community will be re-named Bellevue Terrace. 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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